The French Accor group's Hungarian subsidiary Accor-Pannonia Hotels Rt plans to open a four-star Novotel hotel next year, CEO Patrick Bourguignon said at a press conference in Budapest on Monday.
The company also plans to open two three-star Ibis hotels soon, one in Budapest and another in Gyor, near the Austrian border.
The new Budapest four-star hotel will cost EUR 20m to build, the Gyor hotel will cost EUR 6m and the Budapest three-star hotel EUR
7m. There are also plans to open another Ibis hotel in Budapest, at a cost of EUR 10m.
In connection with recent hotel renovations, M. Bourguignon said the renovation of Sofitel Budapest cost EUR 10m, upgrading the Budapest Conference Centre EUR 9m, and the development of Mercure Korona and Ibis Aero EUR 5m.
The Hungarian subsidiary projects sales revenue of EUR 70m this year, almost level with last year's figure. REVPAR (revenue per average room) is expected to rise 7pc in 2005 compared to last year.
M. Bourguignon said the new hotel will have 175 rooms, three conference rooms, spa and wellness services, a restaurant and a bar and car park with capacity for 49 vehicles. The hotel will be located on the Danube embankment, facing Parliament.