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MEININGER Hotels open property in Budapest Hungary

Posted On: 2019-03-19 16:34:26

Cox & Kings owned Meininger Hotels opens its first hotel in Hungary named MEININGER Budapest Great Market Hall. The newly built property not far from the Danube promenade is located next to the famous Great Market Hall and has 184 rooms and 751 beds.

The metropolis on the Danube, which is famous for its spa culture, has gained a new lodging property. About 1 km south of the city center on the Pest side Fes the prominent, wavy shaped new building of the MEININGER Budapest Great Market Hall. The sevenstorey accommodation building, covers a total floor area of 6,600 sqm.

The Interior design is inspired by Hungarian craftsmanship and the neighboring Great Market Hall (Nagy Viosarcsarnok) which counts to one of the most beautiful market halls in Europe with its neo-Gothic architectural style. The public areas such as reception, lobby, breakfast room, lounge and bar are located on the ground floor. The building also offers an underground car park as well as a guest kitchen and a game zone which are both typical for MEININGER Hotels. The rooms on the upper floors offer a balcony with scenic views of the Danube and the Old Town.

According to Hannes Spanring, CEO of MEININGER, "2018 was a record year for tourism in Hungary. In total, about 31 million overnight stays were recorded. The number of foreign overnight guests rose by 650,000 compared to 2017. Especially the capital city benefits from this increasing demand, which attracts visitors from all over the world with its unique flair and UNESCO sights. We are pleased to welcome guests in this beautiful city from now on at our brand new property!'

The new accommodation next to the Great Market Hall welcomes individual, group and business travellers. "Our house is characterized by a particularly flexible room structure. It allows us to respond to a diverse guest mix as well as the varying needs of our guests. They can choose between single and double rooms as well as private dorm rooms and also dormitories. The public areas provide plenty of room for social interaction and reflect the character of the local environment," clarifies Doros Theodorou, CCO of MEININGER Hotels.

The MEININGER Budapest Great Market Hall is located in the Ferencydros district, between the Great Market Hall and the Liberty Bridge. In the immediate vicinity of the building runs the shopping street and promenade vaci utca. It leads from the Great Market Hall to the lively Vorosmarty Square in the middle of the old town of Pest. The two metro stations, each about 400 meters from the property, allow easy access to the sights of the entire city. From the airport, the MEININGER Budapest Great Market Hall is about 40 minutes, the main train station about 10 minutes away by public transport.

Shares of Cox & Kings Limited was last trading in BSE at Rs.149.15 as compared to the previous close of Rs. 152.4. The total number of shares traded during the day was 4040 in over 339 trades.

The stock hit an intraday high of Rs. 153.85 and intraday low of 149.1. The net turnover during the day was Rs. 609021.

Source: Equity Bulls

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