Baglioni Hotels withdraw from Budapest project (Hungary)
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Baglioni Hotels withdraw from Budapest project (Hungary)
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Category: Europe - Hungary - Industry economy
- Hotel projects
This is a press release selected by our editorial committee and published online for free on 2009-10-22
It has been announced today by Guido Polito, Vice President, Baglioni Hotels Collection that the company has decided to withdraw from the management contract for the Hotel and Racz Thermal Spa in Budapest.
Due to major delays and other problems related to the redevelopment work on the Spa and hotel building, Baglioni feels that they can no longer guarantee the high quality finish required by the company and for this reason has decided to terminate the management contract.
However plans for the expansion of the Baglioni brand abroad continue with the opening of 2, prestigious resorts in Marrakech and Dubai in an effort to enrich the company’s portfolio with the addition of 15 new, luxury hotels in the near future
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