DVM Group to build new hotel in Budapest

DVM Group to build new hotel in Budapest

Published at: 2019-11-26 09:26 | Author: CIJ Serbia
DVM Groupsigned a deal with German developer B&L Gruppe to build a new hotel in Budapest. Intercity Hotel will go up near the Keleti Railway Station. The three-star property will offer 310 rooms, a bar, restaurant and conference center on 26,000 sqm. There will also be underground parking for 200 vehicles. Plans also call for a residential complex with 45 apartments. Completion is planned for 2020. “This is our first complete hotel construction project, and we are extremely pleased that, after thorough negotiations, a prestigious German developer chose us to realize its first Hungarian project. This mandate is an important milestone to further increase the proportion of instructions received from the open market,” said Tamás Sellyey, operational and sales director of DVM Group.

Similar Stories:

Protesters occupy Airbnb apartment in Prague
Organizers of a group protesting the activities of the online residential platform Airbnb  »
€500m in Prague hotel assets sold in record-setting 2019
Last year was record-setting for Prague when it comes to the volume of sales made in the h  »
Poland’s hotel segment sees record investment level in 2019
The commercial real estate sector in Poland reported record levels in 2019, with the hotel  »
Hotel Parc in Arad hits market for €8m
Hotel Parc, the largest hotel in Arad, is on the market for €8m. The property includes 2  »
The largest investment conference in Southeast Europe has gathered over 350 participants f   »
Greece is on the verge of a hotel resort development boom, with over 20 greenfield project   »
In Europe, the UK leads the way when it comes to new hotel projects: 119,000 rooms are cur   »
Invesco Real Estate acquired the 232-room Sheraton Grand Hotel Kraków for €70m on behal   »