Polish investor to build 200-room hotel in downtown Budapest

A Polish subsidiary of the Puro Hotels chain is set to construct a 200-room hotel on Paulay Ede Street in downtown Budapest.

New hotel in downtown Budapest

According to HVG, the company operates several modern, four-star hotels across Europe. Construction began last October, and the new complex will feature a restaurant, café, bar, meeting rooms, a spa, and a fitness centre.

The Hungarian firm established for this hotel investment, Hotel Budapest Paulay Ltd., reported assets exceeding HUF 5.5 billion (approx. EUR 14 million) by the end of last year.

The downtown project was acquired from Jordanian businessman Awad Zuhair, who has been involved in various tourism investments in Budapest. The site previously housed a residential building designed by architect József Hild and features an extensive wine cellar system beneath it.

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