The Danubius is looking for an investor for the renovation of the Hotel Gellért

The Danubius Hotels Group is looking for an investment partner for the renovation of the Hotel Gellért in Budapest. The multi-billion HUF investments may take 1.5-2 years.

Deák Imre, CEO of the Danubius Hotels Group told MTI on Wednesday that the Danubius Hotels Zrt. and its parent company, the CP Holdings has commissioned the London office of CBRE to explore the suitable investment partner for a joint venture, which would be created to renovate the Gellért Hotel in Budapest. The sole owner of the Hotel Gellért is the Danubius. (MTI)