The new hotel will offer 350 rooms, including 56 classic suites and two presidential suites. Inspired by fashion and luxury, the room designs will focus on the art of dressing:
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Indotek Group, a Budapest-based European real estate investment group, has invested EUR16 million to refurbish and rebrand Plaza M shopping center of Targu Mures, previously known as Promenada Mall.
Guest nights for Budapest are now returning toward pre-pandemic 2019 levels after COVID, followed by broad geopolitical, economic and financial issues, hit tourism hard, on top of concerns over demand and spending power, not to mention rising development, labor and operational costs.