20 New Hotels Slated for Hungary

9th June 2008 (Last Updated June 9th, 2008 09:39)

Austrian property developer Warimpex has announced plans to build 20 hotels in Hungary over the next five years. The building programme is expected to cost €150m-€200m. Warimpex says it will convert most of the hotels from offices, though it will build some new prope

Austrian property developer Warimpex has announced plans to build 20 hotels in Hungary over the next five years.

The building programme is expected to cost €150m-€200m.

Warimpex says it will convert most of the hotels from offices, though it will build some new properties.

The mid-range hotels will be located in cities such as Budapest, Tatabánya, Pécs, Debrecen and Gyõr.

By staff writer