Appeninn Plc.: 9.8 billion HUF loan agreement for the development of a five-star hotel in Szántód

By: Trademagazin editor Date: 2020. 08. 03. 10:40

Szántód Balaland Family Ingatlanfejlesztő Kft., which is indirectly owned by Appeninn Vagyonkezelő Holding Nyrt. signed a 9.84 billion HUF long-term investment credit facility agreement with the International Investment Bank to finance the development of a five-star hotel and adventure park in Szántód – Appeninn Plc. announced on the website of the Budapest Stock Exchange (BSE).

In a statement sent to MTI, the company wrote that the development of the colonial-style, five-star category BalaLand hotel in Szántód is proceeding according to plans. The hotel owned by the Dreamland Holding Zrt. together with the associated theme park, is planned to become a year-round family-friendly accommodation in the Lake Balaton region. (MTI)