Mórahalom local council, business partners to build Ft 2.5 billion four-star hotel

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The local council of Morahalom (S Hungary), together with business partners, plans to build a four-star hotel for HUF 2.5bn, supported by HUF 512m in European Union funding, mayor Zoltan Nogradi said on Friday.

The state-owned Hungarian Development Bank (MFB) will provide a HUF 1.5bn loan for the project.

The hotel will have 77 rooms and five suites with capacity for 169 guests, said Janos Hevizi, managing director of Aktiv, which owns 49pc of the project company building the hotel. The hotel will be heated with thermal water, he added.

The hotel is expected to open early in 2011. Its owners target 18,000-19,000 guest nights in the first year of operation and as many as 30,000 later on.

The hotel, called Hotel Colosseum, fits well with the city’s tourism development plan, Mr Nogradi said. Another part of the plans involves spending HUF 880m to expand the city’s spa.

The Erzsebet Gyogyfurdo spa drew more than 300,000 guests last year, said director Laszlo Balog.

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