September 7th, 2012
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Starwood, KESZ Holding unveils HUF 2.5 billion office-hotel conversion

American hotel chain Starwood and Hungary’s KESZ Holding on Wednesday topped out a HUF 2.5bn four-star hotel in Kecskemet (C Hungary) that was once an office building.

The hotel – with 129 rooms and seven suites, and a conference centre with capacity for 480 – will be operated by Interstate Hotels and Resorts, a unit of Starwood. It will be completed in 2013.

KESZ Hotel and Conference Management won a HUF 450m European Union grant for the hotel conversion and a HUF 273m grant for the construction of a conference centre.

German carmaker Daimler recently started production at a big compact car plant in Kecskemet.

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