Press Release22 October 2009
Baglioni Hotels Withdraw From Budapest Project
It has been announced today by Guido Polito, Vice President, Baglioni Hotels Collection that the company has decided to withdraw from the management contract for the Hotel and Racz Thermal Spa in Budapest.
Due to major delays and other problems related to the redevelopment work on the Spa and hotel building, Baglioni feels that they can no longer guarantee the high quality finish required by the company and for this reason has decided to terminate the management contract.
However plans for the expansion of the Baglioni brand abroad continue with the opening of 2, prestigious resorts in Marrakech and Dubai in an effort to enrich the company’s portfolio with the addition of 15 new, luxury hotels in the near future
Group PR Director
Phone: +44 (0)7767 883303