Contract For Renovation Of Budapest’s Párizsi Udvar Signed
- 11 Feb 2015 8:00 AM
Mellow Mood Group signed a contract with architectural firm Archikon on the renovation of the landmark Párizsi Udvar in Budapest. Párizs Property, a member of Mellow Mood Group, acquired the historic building in the city centre from the 5th district local council for 2.1 billion forints (EUR 6.8m) last spring.
It will be converted into a five-star hotel by the first quarter of 2017 with an investment of 10 billion forints.
The general contract for the project will be selected in the summer, the group’s co-owner, Zuhair Awad, told MTI.
Mellow Mood Group already operates a luxury hotel in the neighbouring Klotild Palace.
Source www.hungarymatters.hu
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