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.
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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
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