Four-star hotel on Lake Balaton for sale - paper
The four-star Hotel Ramada along Lake Balaton in Balatonalmádi has been offered for sale at a price of HUF 3.85bn by the liquidator, business daily Napi Gazdaság said on Thursday.
Wossala Hotels (WH) Kft, the company operating the hotel, went under liquidation in mid-July. WH owes its creditors more than HUF 5bn, the paper said.
The 12-floor hotel, fully renovated in 2005 using a HUF 2.9bn Swiss franc-denominated loan provided by Erste Bank, has 210 rooms.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.