Szentendre expects Ft 8 bln tourism investor

The municipality of Szentendre, north of Budapest, is negotiating with several potential investors about the construction of a four-star hotel belonging to the town on Pap Island. The hotel for 600 guests will be built on a nine-hectare site, of which six hectares are owned by the municipality and three by a private individual. The hotel will also offer medical and wellness services and a conference hall for 250 people. The municipality plans to rent the hotel and the land in exchange for the building costs. (Vg 5) M.K.