4 * City Hotel in central location of Budapest The hotel is located next to the biggest urban development project in Budapest. The new city centres’ built environment – its aesthetic values and functionality - rivals the best in Europe. The Promenade provides a new quality of life for those who live or work in the area. The widest pedestrian mall of Budapest is being built along the lengthwise axis of the area, coupled with green public spaces and interior gardens. The renovated quarter’s heart will be the promenade, on either side of which you will find shops and services, restaurants and coffee houses, apartment buildings, cultural institutions, office buildings. DETAILS Useful area: 2424 m2 Plot area: 574 m2 Number of rooms: 66 Reduced mobility rooms: 2 Non-smoking rooms: 64 Bar(s): Lobby Bar Meeting rooms: for 120 persons, dividable for two separate rooms 24 hours reception Parking: Guarded parking house opposite the hotel FEATURES The modern rooms reflect 4-star standard. All of the rooms are air-conditioned and equipped with TV, radio, telephone, safe, hairdryer and WIFI access. Info and business services: Internet access/ WIFI (at the hotel/in the rooms), High speed internet, Fax machine, Full Air-conditioning, Shoe shine machine, Wellness area LOCATION & INFRASTRUCTURE The hotel is located in a vivid and historic part of Budapest. Its accessibility is excellent from all directions by car (M3, M1, M7, M5 highway), by number 4-6 tram and also from the Budapest Airport. The city’s business and entertainment centres and institutions are accessible within a few minutes’ walk from the hotel, as well as it is close to Budapest’s most famous landmarks, museums. OWNERSHIP SITUATION Company structure: The property is owned by an SPV - Special Purpose Vehicle that fully owns the operating company. Rental Contract: The rental contract is concluded between the owner company and its 100% owned affiliate. Buyers commission: 4% + 27% VAT