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Home News Investment Market Orbis sells Novotel Szeged in Hungary

Orbis sells Novotel Szeged in Hungary

Orbis Hotel Group signed a sale and management back agreement with Budapest-based Novoop Ingatlanüzemeltető Kft. for the Novotel Szeged hotel. As part of the transaction, the hotel was handed over to the new owner on the 9th of May, to be continued to operate under the “Novotel” brand by Orbis in the frame of a long-term management agreement for 15 years.

Located in the neighbourhood of the city centre, right on the banks of the Tisza river, the 136-room hotel offering a full panoramic view, restaurant, bar, conference centre up to 300 people, parking lot, special family services and packages are very popular among foreign as well as domestic travellers. Novotel Szeged is the only hotel in the city that belongs to an international brand.

The new owners are planning to gradually renovate the hotel to further strengthen its market position.

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