The project will be established on the 56-hectare area of Kopaszi Dyke, a public park on a peninsula in the Danube, which Market Group purchased earlier from Portuguese investors for an undisclosed amount early last year, supported by a loan from the Hungarian Eximbank.

Constellation Hotels Holdings, registered in Luxembourg, has a number of five-star hotels and office buildings in Europe and the United States in its portfolio, MTI added.

Source: BBJ

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