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Marcali builds spa hotel

Danubius Hotels Rt, Zala County Cosntruction (ZÁÉV) Rt and the local municipality will jointly build a spa hotel in Marcali, southwest Hungary. The hotel will be built by the project company of Szálloda Kft owned by all three investors. Szálloda's registered capital has just been raised from Ft 170 million to Ft 800 million. The Hungarian Development Bank (MFB) will also grant a loan of Ft 700 million for the construction, which is scheduled to start next spring and to be finished by 2007. (NG 17) M.K.