Photo: octogon.hu
MAM Zrt. and Raiffeisen Bank has signed a EUR 65 million (HUF 24 billion) loan agreement. The Bem Center and Intercontinental Kimpton Hotel are being built as part of the real estate development. The project will be completed by 2023 and will bring new life into the Radetzky Barracks on Budapest’s Bem tér. The Class A office complex and the elegant boutique hotel offering 127 rooms, restaurants, rooftop bar and over 400 parking lots.
The hotel is operated by Kimpton Hotels & Restaurants and is the first hotel of its kind in Central Europe and Budapest. The internal design will be made by Amsterdam interior design firm Marcel Wanders.