Austrian JUFA to spend EUR 4.9mn on spa hotel in Hungary.

By bne IntelliNews December 5, 2011
Austrian guesthouses company JUFA will invest HUF 1.5bn (EUR 4.9mn) in building a spa hotel and a campsite in CElldomolk, northwestern Hungary, MTI news agency reported. The hotel will have 33 rooms and its construction will cost around HUF 1.1 bn. The financing of the project includes a HUF 623mn grant from the EU and the Hungarian government, as HUF 240mn of them are for the hotel building and the rest are for the camping area.
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