According to BDPST, the company is only “fine-tuning the business model”, as the 19-room hotel has produced only losses since its opening in 2020.

Instead of a classic hotel-like operation, the focus will on group accommodation services and catering for events.

In other words, 444 adds, the facility will be used for corporate and business events, special events, weddings and cultural programmes.

Most of the workers who have been dismissed have found jobs at other companies within the group, BDPST said.

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here!