Párisi Udvar Hotel inaugurated

Hotels

The landmark Párisi Udvar building in central Budapest was inaugurated as a hotel on Friday, after an extensive restoration project that lasted years, Hungarian news agency MTI reports.

Mellow Mood Group spent more than HUF 13 billion on the renovation and reconstruction of the hotel, the companyʼs 12th in the capital.

Speaking at the ceremony, Minister of Foreign Affairs and Trade Péter Szijjártó said the project was financed in part by a HUF 8.2 billion loan from Magyar Eximbank.

The Párisi Udvar Hotel is part of the "Unbound Collection" brand of Hyatt Hotels Corporation.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.