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QPR Properties is working with Marriott to redevelop the Drechsler Palace, which will be fully converted to a five-star hotel by 2022, Portfolio reports.
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A public park should be created on the brownfield site next to Budapest’s busy Nyugati railway station rather than the planned National Centre for Circus Arts (pictured on top), a lawmaker of the opposition Párbeszéd party said.
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MOL chairman and CEO Zsolt Hernádi has purchased the 26% stake in Kopaszi Gát – the property development project in the 11th District on the Danube riverside close to the future MOL tower – from Sheikh Hamad Bin-Jassim Bin-Jaber Al Thani, a former prime minister of Qatar, Telex reports.
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Hunguest Hotels has launched upgrades at accommodation around the country supported by HUF 17.7 billion in grant money from the government's Kisfaludy tourism development program, business daily Világgazdaság said.
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Budapest’s new National Conservation and Storage Centre (OMRRK) has fetched the International Property Awards 2020-21 gong for Best Public Service Development, the chief executive of the company in charge of the city’s large-scale Liget project said.
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AEW investment fund will start the renovation of the prestigious Krausz Palace at Andrássy út 12 in the summer, after obtaining heritage protection permits.
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