The hotel will be erected on Hungaria Boulevard and is an investment of Europa Investment Property, which belongs to the Premiot investment group, Építészfórum reports.

Riga-based hotel operator Mogotel announced its debut in Hungary via LinkedIn. With the cooperation of Accor and the financial support of state-owned development finance institution ALTUM, Mogotel is bringing Novotel Budapest Centrum into its hotel family.

French group Accor will open a new Mercure hotel in Alba Iulia in the second quarter of 2024. The new Mercure Alba Iulia Cetate hotel will feature 112 rooms and apartments and facilities such as a restaurant, SPA and conference room. 

Radisson Hotel Group announced the debut of its luxury lifestyle Radisson Collection brand in Croatia, with the opening of Grand Hotel Brioni Pula, A Radisson Collection Hotel. This follows an extensive £30 million repositioning of the legendary Hotel Brioni, one of Croatia’s best-known hotels, by Radisson Hotel Group’s partner PPHE Hotel Group and its Croatian subsidiary Arena Hospitality Group.

Hotel group Real Estate&Constructii, controlled by David Fattal, has completed the acquisition of Golden Tulip Victoria hotel in Bucharest, according to rhn.ro. 

New international hotel chains will appear in Budapest for the first time. Budget hotels will remain competitive. Slow recovery of conference tourism gives some hope to the hospitality industry in Hungary, Csaba Tóth, Director, Head of Hotels at CBRE Hungary says to Property Forum.

Ensana hotel group has announced an investment of €9 million in revamping the 4-star Sovata hotel with 168 rooms. 

Romanian developer Nordis Group says it will deliver this year up to 1,000 hotel rooms and residential units in its project located in the Mamaia seaside resort. 

The 92-room building is the first Mercure hotel in Białystok. The central element of the hotel is giant bison - the symbol of the region.

The French group will open a Mercure hotel in Debrecen, the second-largest city in Hungary. This will be the second destination for the brand outside Budapest.