CEO Ádám Détári-Szabó told the paper Hunguest is spending close to HUF 30 bln of its own resources on the upgrades, which involve 14 hotels. 

The projects account for close to half of the total of 35 supported in the framework of the Kisfaludy scheme, but Détári-Szabó noted that Hunguest is also the biggest hotel chain outside of the capital. He added that the subsidies cover between 25-50% of project value, with those in the east of the country getting more than the ones in the west. 

Détári-Szabó said Hunguest has no plans to build any more hotels but is always on the watch for potential acquisitions. 

Hunguest Hotels is in the portfolio of listed holding company Opus Global, part of the business empire of billionaire investor Lőrinc Mészáros, a key ally of Prime Minister Viktor Orbán.


MTI Photo: Tibor Oláh