French budget hotel chain operator Akena said is looking for potential franchise partners in Hungary to open low-cost no-frills hotels. Currently operating in France and Belgium, Akena is hoping to set up a batch of hotels at motorway exits and in downtown areas offering accommodation for as low as euro 30-50 per night at three grade levels.Under the franchise contract, hotel operators will have to pay up a one-off Euro 380,000, 4% of their annual revenues, plus another percentage as marketing contribution. (Vg 1) S.F.
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05.10.2004