• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Budapest District Council Sells Landmark To Mellow Mood GroupBudapest District Council Sells Landmark To Mellow Mood GroupBudapest District Council Sells Landmark To Mellow Mood GroupBudapest District Council Sells Landmark To Mellow Mood Group
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
Daily News Daily News · 21/05/2014
· Business

Budapest District Council Sells Landmark To Mellow Mood Group

Budapest

Budapest, May 21 (MTI) – The local council of Budapest’s 5th district has sold the landmark Parizsi Udvar building near the Danube for 2.1 billion forints (EUR 6.9m) to Mellow Mood Group, which operates a luxury hotel in the neighbouring Klotild Palace.

District mayor Antal Rogan said the local council lacked the several billions of forints required to renovate the building.

He noted that two international tenders for the sale of the building had been unsuccessful, and it had nearly been sold on another occasion before the transaction fell through.

parizsi-udvar-2

He said Mellow Mood Group had promised to renovate the building within seven years.

Mellow Mood Group co-owner Zuhair Awad said the aim was to restore the Parizsi Udvar to its former glory and transform it into a five-star hotel.

Photo: MTI – Noemi Bruzak

Source: http://mtva.hu/hu/hungary-matters

Budapest
Share
Daily News
Daily News

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • Hungary’s smallest wine region is a real treasure
  • Snow shower and frost to come to Hungary this week – weather forecast
  • Digital turnaround in the Hungarian real estate sector
  • Chaos around battery plants in Hungary
  • MEP: Hungarian government was not prepared for the Covid-19 pandemic
  • US Ambassador: Orbán still pushes Putin-backed policies
  • New, customer-friendly changes in the Hungarian housing market
  • Hungarian minimum wage is worth terribly little: even Romania is ahead of us

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V