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Malta based hotel operator CHI Hotels & Resorts and Oak Valley KFT of Hungary,
have signed technical assistance and management agreements for the operation of a Corinthia Hotel and Corinthia
Residences being developed as part of the ‘Budapest Gate’ project in
Bicske, a resort town 38 kilometres west of Hungary’s capital Budapest.
The two properties, to be named the Corinthia Budapest Gate Hotel and the Corinthia Budapest Gate Residences, are being developed on a resort
area that lays within 280 hectares of land in Bicske, Hungary, within easy reach of the Budapest – Vienna motorway.
The Budapest Gate Resort will comprise a 200 room five-star deluxe hotel, 700 deluxe serviced apartment suites and villas, an 18-hole
championship golf course designed by famous architect Christy O’Connor, a Spa, outdoor sports activities, a
3,000 square metre conference
facility featuring the largest ballroom in Hungary, breakout rooms and banqueting and exhibition spaces. A casino and an Aqua park are also
planned for the latter stages of the project, which is due to open in 2012.
Oak Valley KFT Managing Director Arie Yom-Tov
said, “We are out to create something quite unique here
in Hungary. The blend of deluxe hotel accommodation, apartment suites and villas, coupled with the world class golf course and extensive
conference and leisure facilities, offers a compelling choice for both business and leisure travellers. Our very experienced operating partner CHI
Hotels & Resorts will no doubt be exploring the numerous marketing opportunities the project presents, in order to replicate the success
achieved with their other operations here in Hungary, particularly the Corinthia Grand
Hotel Royal in Budapest. We are confident that their success story is about to be repeated here in Bicske as
well.”
CHI’s Vice-President Development Paul Pisani
added, “Hungary has a special place in CHI’s history. It was our
first stepping stone into Europe back in 1996, when we started operating the Aquincum Hotel, to be shortly followed by the award winning
Corinthia Grand Hotel Royal, which has become the leading hotel in Budapest. The Corinthia Hotels brand is now also present in the Czech
Republic, Portugal, Libya, Malta, and Russia, and soon also in Algiers, Egypt, Rumania and London, England. As a multi-brand operator, including
the Corinthia Hotels brand worldwide and the Wyndham and Ramada Plaza brands in Europe, Africa and the Middle East, we are fully committed
to delivering the high standards sought by each brand, while retaining the character of each property.”
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