Chinese Investor Could Buy Budapest Rác Baths

  • 23 Jul 2016 7:00 AM
Chinese Investor Could Buy Budapest Rác Baths
A Chinese investment holding is awaiting approval from the city of Budapest to buy the Rác thermal baths and adjoining luxury hotel, business news website Napi reports. The transaction price (undisclosed) has been placed in escrow.

The baths have not reopened since they were completely renovated in the previous decade.

The 67-room hotel has not opened for a single day, and, given the condition of the buildings, at least an additional Ft 1 billion investment is required from the purchaser, Napi observes.

Source: Hungary Around the Clock

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