News Article Budapest construction Deutsche Hospitality development DVM hotel Hungary
by Property Forum | Hotel

DVM group signed a contract with German developer B&L group to build a hotel next to Keleti Railway Station in Budapest. This mandate is one of the largest instructions DVM group has won on the Hungarian market to date. Planning and preparations already started early November. The scheduled delivery date of the building is 2020.

The 3-star hotel will be situated right next to Keleti Railway Station, a vital transport hub of the capital. The 312-room hotel, together with a residential building of 45 apartments will be erected on the development site at the south side of Baross square. The gross built area of the project will be approx. 26,000 sqm. The hotel will be operated by Intercity chain, part of the Steigenberger Group/Deutsche Hospitality.