Arab – Hungarian Economic Forum – 2012

Tourism has developed into a global driver of economic development in recent years and the European Union remains the world’s most popular destination. The attractiveness of Eastern Europe has also grown significantly. There are tourism a large number of sites in of great interest to European and global tourists. The significance of the tourism sector is supported by official figures showing that the industry accounts for 8.5% of Hungary’s total GDP with multiplier effects. in Hungary Almost 400,000 people are employed in the sector. Within the tourism industry, Hungary is gaining territory in the health, conference and historical subsectors due to the geothermal, geographical and historical resources. Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Introduction

• The National Tourism Development Strategy (NTDS) (2005-2013) ensu­ res that tourism development is prioritized by the Hungarian govern­ ment. • Government bodies and HITA are ready to provide effective support for tourism investments.

Overview The country is blessed with a remarkable range of tourism offers, making it an important destination for health, historical and conference tourism. Domestic tourism development represents a further opportunity to develop golf and hunting tourism, castles and theme parks. At the same time, there are already a large number of foreign companies present in Hungary, which tends to inspire confidence in new investors.

The growing importance of the health industry is increasingly noticeable all over the world and Hungary is in a position to gain from this trend. Thanks to the country’s highly developed network of thermal and wellness spas, the thermal and medicinal springs that can be found all over the country are Reasons to invest in Hungary already an important part of the health tourism industry. Around 80% of • Steady increase in foreign visitor arrivals. Neighbouring countries are the country’s surface has access to thermal water and favourable geothermal also potential suppliers due the growth of their economies. characteristics, which puts Hungary ahead of its competitors, such as Japan, • Hungary’s relevance as a tourist destination will increase due to its Iceland, Italy and France. favourable geographical features, its security and easily accessible infra­ structure. Furthermore, Hungary is generating outstanding revenues in the dental tou­ • Unique geothermal characteristics of Hungary contribute to the growth rism sector. The high standard and reasonable price of medical treatments in of wellness and health tourism. Long traditions and know-how in the Hungary means that visitors can combine an enjoyable city break in Hungary usa­ge of thermal water also attracts foreign tourists. with a thrifty trip to the medical centre. • Great potential in conference tourism in the regional capitals. Buda­ pest has already grown into a popular MICE destination. Historical tourism includes cultural and world heritage sites, as well as • Growing occupancy rate in the 4* and above category accommoda­ protecting natural values and national parks, equestrian and village tourism, tion. gastronomy and wine tourism, and special festivals and events. • Six cultural and two natural locations in Hungary have been assigned World Heritage status. These include the wine region of Tokaj, the city centres of Budapest and Pécs, the Abbey of Pannonhalma, the tradi­ tional village of Hollókő, the national park in Hortobágy, the Fertő lake landscape and the stalactite caves of . In addition Hungary’s natural treasures are well protected: 10% of the territory of Hungary is under environmental protection. • There is still growth potential in quality accommodation (especially in the countryside) due to under-development of the sector and a lack of financial capital. • Investment projects are available in the field of theme parks, thermal, golf and casino tourism, and castle renovation, please see the database of the Hungarian Investment Projects (HIP). • Competitive wages: less than half of the Western European average according to Eurostat. Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Conference tourism also plays a significant role in Hungary. Based on sta­ tistics published by the highly respected International Congress & Convention Association (ICCA) in 2011, Budapest ranked 11th among the world’s top conference destinations. The development of strategic destinations is a top priority both in areas that are yet to maximize their potential and those that already draw the largest numbers of tourists.

The objective and expected results of the National Tourism Develop- ment Strategy (NTDS)

The strategy for the health industry aims first at the optimal and efficient exploitation of the country’s thermal water and geothermal potential. The second focus is on organizing a network from the related production and service sectors. The objective of the health industry’s development is to create Elements of the strategy: a distinct, national industrial sector emphasizing the positive attributes of the 1. Health tourism country. Both human and natural benefits can provide strategic advantages to exploit. There are a number of strong synergies between the sectors of the 2. Utilization of geothermal energy health industry. 3. Horticulture 4. Beauty industry, cosmetics 5. Mineral water production 6. Pharmaceuticals industry 7. Biotechnology, nanotechnology 8. Medical appliance engineering 9. Balneology 10. Horizontal aspects – health industry hubs 11. Education related to the health industry 12. Specialized construction industry

This programme intends to provide the Hungarian economy with cutting-edge developments across diverse fields, emphasizing the uniqueness of the coun­ try. It will lay the foundation for job creation, higher incomes and an increase in the gross domestic product.

Already invested Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Budapestwood Studios Movie Entertainment Park

Investment Summary Studio Walk, merchandising and commercial services on site (restaurants, contact shops, food courts etc.). information Studio City, due to its unique streetscape design can accommodate shops, Industry restaurants, street shows etc. Bpwood Movie Entertainment Tourism Park Limited Liability Company Executive summary Attractions are to be designed and operated by a specialist US theme park development company. The planned Movie Entertainment Park is an American style movie-themed Ms Ilona Kecskés multifunctional centre, a combination of commercial and entertainment deve­ Managing Director Provided there is sufficient demand, a Studio Hotel & Apartments (220 hotel lopment including a hotel. A unique attraction in Central Europe and the only rooms and 80 medium sized apartments) can also be developed. There are of Bpwood Ltd. movie-themed park in Europe directly connected to a real, working movie potential real estate development opportunities on the neighbouring sites of Mobile: +36 30 625 3599 studio. 30-40 ha which will serve as a venue for a new entertainment and tourism Email: Funding centre for Budapest. [email protected] requirement (Eur) The Park is a must-see attraction comprising of a Film Park (movie themed rides and shows) and Studio City (unique streetscapes resembling London, Description of your product(s) and/or services Hungary, 1056 Budapest Rome, Paris, New York and Arabic, Mediterranean and other street styles TOTAL: 354 000 000 EUR An internationally recognized theme park development company, Total Fu­ Szerb utca 17. 1. em. 17. with shops and restaurants). which comprises: ture Concepts Ltd. (“TFC”) (managed by Peter Alexander, former Director of Phone/Fax: +36 1 214 0895 Project Management of Walt Disney EPCOT, Vice President of Planning and The 26 ha site is within Budapest, easily accessible by air, road and public Film Park and Studio City: Development of Universal Studios and Executive Producer of Six Flags Theme city transportation. The project provides 1,500-2,000 work places. www.budapestwood.hu 274 000 000 EUR Parks) has been involved and prepared a detailed, industry standard feasibility The Park would attract 3.5 million visitors per year and the project has been study which declared the project feasible. declared feasible by an internationally respected theme park development Studio Hotel: 30 000 000 EUR company. The execution requires 18 months of planning and preparation (12 months of theme park and technology design plus 6 months of construction permis­ Further real estate acquisition Investment objective sion and approval processes). Construction and tests require approximately of 30 – 40 ha for 50 000 000 EUR Financial investor 18 months. Expected collaboration with investor The opening of Budapestwood Studios Movie Entertainment Park to the pub­ Joint Venture partner, Capital increase lic takes place at the end of the third year after signing the financing agree­ Amount 354 million Euro in exchange for 75% of the company share ment with the investor(s). Investment return indicator Any other relevant information ROI 11.5% There are two alternatives for investors: (i) become the majority owners of Stage of development Bpwood Ltd. or (ii) participate only as real estate investors in the Project. Start-up company The Budapestwood Project’s four founders have an extensive track record in real estate development and arranging and managing project financing, two of them are owners of the neighbouring Raleigh Filmstudios Budapest, opera­ Business Summary ting as an American Hungarian joint venture. They participated in the tech­ nical and business planning and execution of the neighbouring film studio. Provide a short description of the business Established good working relationship with the local municipalities and led the The Park, being next to Europe’s Hollywood style, high-tech film studio in process of formulating and seeking approval for the Regulatory Lay-out Plan Hungary, enjoys a central position in Europe and is a main tourist destina­ for the Land to make it suitable for constructing the Theme Park. They have tion. a widespread international investment banking background with extensive experience in project financing, private equity and investment management. The Film Park should ensure entertainment and edutainment possibilities for all ages with interactive attractions including high-tech attractions, 3D and 4D cinemas, IMAX theatres, interactive exhibitions, Kids Park, Youth Park, Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Overdose Riding Centre Gyenesdiás

Investment objective contact Financial investor information Expected collaboration with investor Overdose Riding Centre Joint Venture partner, Capital increase Gyenesdiás Amount 10 000 000 Euro in exchange for 80% of the company share

Investment return indicator Mr Zoltán Dancs 12 years Mobile: +36 30 912 6964 Email: [email protected] Stage of development Ramp up/growth phase Funding requirement (Eur) Business Summary 100 000 000 EUR Provide a short description of the business (I. phase 15 000 000 EUR) The establishment of the largest riding and horse training centres in Europe with a mansion for horses and riders, a hotel and race track on an area of 36 hectares in the village of Gyenesdiás at Lake Balaton. At the moment there are similar events organized in the area, therefore there is a sound demand for such an activity.

Description of your product(s) and/or services The newly established project facility features parking areas, hotels, veterinary facilities, a fairground and race-tracks.

Any other relevant information The project idea is supported by the local government and there are state subsidies available for certain project elements

Investment Summary

Industry Tourism

Executive summary The project envisions the establishment of a hotel and race-track in a region with enormous tourist potentials. Horse-riding and breeding has a 200 year-old tradition in the area, therefore both traditions and cur­ rent demand will ensure that the implemented project will attract a large number of visitors from Hungary and abroad. Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Hungarian Garden of Eden

Investment Summary Expected collaboration with investor contact Joint Venture partner, Capital increase information Industry Investment return indicator CVF Holding Ltd. Tourism 10-15 years

Executive summary Stage of development Mr Miklós Kerékgyártó Email: We are planning the establishment of a tourist attraction of international Project idea significance on an ideal area, near Lake Balaton. The planned amusement [email protected] park is consists of two parts, one a Zoo park, and the other a historic park representing the past and traditions of the Carpathian basin. Business Summary www.balatonizoldhid.hu Provide a short description of the business Funding According to our concept, the presentation of equestrian fighting, archery The area of 1 910 000 m² selected carefully and bought by the entrepreneur requirement (Eur) on horseback, falconry, the palace of Attila, contemporary craftsmanship, and the life outside of the Roman empire. is ideal for the planned investments. In the vicinity of Lake Balaton there are several thermal baths, such as the internationally famous Hévíz at 50 km, Approx. 100 000 000 EUR as well as within 15 km, and the Airport of Sármellék just 30 km. (with further investment options) We are looking for investors for the development of an area of 170 000 m² just beside the planned amusement park. Proposed utilisation: hotels, resi­ The M7 railway is nearby connecting Hungary with the Adria sea, as well dential park for pensioners. as the motorway connecting all neighbouring countries (Poland, the Czech Republic, , Ukraine) with each other and with the sea. Investment objective Financial investor In the case that the conceived Historic Park, nearby Rome, will be realised then the two parks may complement each other perfectly.

Description of your product(s) and/or services The starting point of the developments is a tourism project that by its realisa­ tion in several steps may form a tourist attraction of international significance near Lake Balaton. The development, which combines entertaining with edu­ cational features is in line with the latest tourist trends. The amusement park consists of two parts: 1. A Zoo park, which shows the exotic animals of Africa and the living world (flora and fauna) of the Carpathian basin in a natural environment (under the name of Safari park). 2. An exhibition of geographic, architectural, historic and cultural values of the Carpathian basin and those given by the to the world (under the name of Hungaricum Park).

Any other relevant information The area is suitable for rural type houses, with a maximum of 20% built in area, with a maximum height of 10 m. Another 20-30 000 m² area is offered for such purposes as recreation, well­ ness, and fitness.

On the property the owner is planning to use a further area of several thou­ sand m² for the purpose of religious (including Islam) and cultural exhibitions to strengthen the tourist attractions. Those organisations which intend to use it for this purpose can get parcels free of charge. The different developments can create favourable synergetic effects. (Gypsy and other types of music). Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Ed e n Th e r m a l Sp a Ho te l ***** & Vi l l a p a r k *****

Investment Summary contact information Industry Hévíz-Nemesbük Termál Kft. Tourism

Executive summary Mr Ferenc Molnár Due to its geological position Hungary is a “power of thermal water”. Based Email: [email protected] on the Hévíz thermal water, the partnership of the Semmelweis Medical University and the location of unique endowments, the professional con­ Mr Zsolt Becsey cept includes a medical and wellness hotel, apartments, conference and Mobile: +36 30 229 4333 research centre as well as the establishment of a villa park. Email: [email protected] Funding requirement (Eur) • The thermal water and the medical facilities based on this are acknow­ there is currently no website ledged world-wide. Financing the project requires an • The balneotherapy, based on the partnership of the Semmelweis Medi­ amount of 85 000 000 EUR cal University with its outstanding international reputation, ensures a guaranteed quality, reputation and credibility. • We have lawsuit and demand free, unencumbered properties as well as plans and permissions necessary for a prompt start of the project. Our project is acknowledged and supported by the dominant representa­ tives of the Region, the Department of Health, Water and Tourism. Investment objective Strategic investor Description of your product(s) and/or services Organizing the preparation of the project has been the task of the project- Expected collaboration with investor owner Hévíz-Nemesbük Thermal Ltd. implemented in our own power. Wells, Joint Venture partner, Capital increase supplying the facilities have been implemented. We have thermal water equiva­ Amount 15 000 000 Euro in exchange for 85% of the company share lent with that of the Hévíz-Lake. Acquisition of company The project is located on a 19 ha area. Total developed area is intended to be Investment return indicator ~60 000 m2 including: Return of the investment is dependent one bank loans and requested • 357 rooms (out of this 111 apartments) funding 9–11 years • a conference hall for 800 persons • water surface of ~1900 m2 with 25 medical and wellness pools Stage of development • balneotherapy and other requested medical facilities Start-up company • medical research basis • sports facilities and a Business Summary • villa park consisting of ~30 units Provide a short description of the business The Ed e n Th e r m a l Sp a Ho te l ***** may play a prominent role in the medical The business plan of the project is based on the following key facts below: tourism within Central-East Europe. • Medicine and wellness is one of the world’s most dynamically growing branches of tourism. Any other relevant information • We have set the aim to attract clients who recognise the value of the The competitiveness of the project is supported by the following points: world-wide known Hévíz thermal water-based medical therapies. • Medical care and balneology play an outstanding role in Hungary’s eco­ • The recognition of the Hévíz-region is best illustrated by the average an­ nomic development targets. The expected non-refundable supports and nual utilization of 75-80% ensuring a favourable turnover and return. tax benefits may reach 17-20 million EUR. • Unique balneological and medical background of the project is granted by • The international Hévíz-Balaton Airport is located close to the project site the Semmelweis Medical University with their international reputation. enabling easy access from more distant countries. Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Pap-sziget project

Investment Summary contact information Industry Dr Balázs Török Tourism Deputy Mayor – Mayor’s Office Executive summary Mobile: +36 20 549 5549 An attractive thermal tourist project near the capital Budapest, situated Phone: +36 26 503 347 on a beautiful 10-hectare island, Pap-sziget, Szentendre. This beautiful Email: little town is the pearl of The Danube Bend. The development is based on [email protected] 50 °C excellent spa quality thermal water, full of valuable minerals and com­ ing from nearly 2000 m depth. The project, which is fully supported by the Mr János Mészáros Funding local government, includes the following facilities: luxury category thermal [email protected] requirement (Eur) spa hotel, conference centre, marina, wellness centre, thermal pools and high quality mature park. 50 000 000 EUR Business Summary Szentendre, 20 km north of Budapest by Road 11, is a popular destination. The River Danube nearby, intimate streets of the town centre, art galleries, Provide a short description of the business restaurants and a wide choice of shops offer a unique experience to visi­ The aim of the project is to establish a spa bath and thermal hotel built on the tors. excellent quality, temperature and output of the thermal water in the strata below the island, to satisfy the needs of locals and tourists alike. The local Investment objective government primarily supports the establishment of a thermal hotel, bath Financial investor and conference centre, so saving the public park character of the island. The local government is flexible in managing the range of functions and will Investment return indicator support the investor in carrying out their ideas and concepts. Two forms of Estimated payback period is about 6–8 years cooperation may be considered: a long-term rental of the local government Stage of development owned area ( 49-99 years) or a joint enterprise- the local government enters with the land and the development Project idea Description of your product(s) and/or services The aim of the project is to complete the existing and widely-known tourist offer with complex tourist services, built on the thermal water of the 12 acre island. The project includes development of accommodation, water attrac­ tions and fun pools. The high mineral content of the precious thermal water from 1860- metre depth, its temperature (50 °C) and output is the key to the success of the investment. The feasibility study is available; on that basis elaboration of a detailed development plan, licensing plan and construction plan are required. Preparation of the project – plans, studies, negotiations – will take about 1.5 years, construction approximately 2 years – by simulta­ neous building of the hotel and adventure pools. The project can be comp­ leted within 3.5 years of setting out.

Any other relevant information The 12 hectare island, Papsziget, in the Szentendre branch of the River Danube is just about “paradise on earth” with its huge trees and untouched environment. In order to avoid flooding it is necessary to construct an embank­ ment around the territory. This can be carried out utilizing the earth gained from the construction of a port on the north-west of the island. Tourism Arab – Hungarian Economic Forum – 2012 Budapest

A Complex Health Tourism Development Project on the Premises of the Komárom (Hungary) Thermal Spa Centre

Investment Summary The spa’s thermal water, together with the related methods of beneficial contact health treatment and the apparent achievements represent a unique trea­ information sure; they are well suited to lend on the long-term a sound basis for creat­ Industry ing and operating internationally competitive health tourism facilities. Komárom Municipality Tourism Description of your product(s) and/or services Komárom Thermal Spa Centre Executive summary Presently the spa complex gets its water from a well which produces Mr Nándor Tóth The Komárom Thermal Spa Centre embracing a total area of 5.2 hectares 1200 cu.m water daily, at a temperature of 58°C. The mineral water is certi­ (but expandable up to 12 hectares) has certified grade curative mineral wa­ fied to have calcium-magnesium-hydrogen carbonates, chlorides, sulphates Executive adviser Funding ter. The Centre thus has considerable potentials but neither the existing spa and is rich in mineral materials and it is suitable for treating various kinds of Mobile: +36 20 527 0689 facilities nor the infrastructural background or the availability of services are illnesses. There is another well supplying hot mineral water which has an Email: [email protected] requirement (Eur) sufficient to exploit the opportunities offered by health tourism. At present entirely different composition – 39°C at a rate of 400 litres per minute. there are three roofed and five open-air pools to serve visitors’ demand for 30 000 000 EUR Hungary, 2900 Komárom bathing in curative waters, for swimming, and for bathing. Any other relevant information Szabadság tér 1. There is another project in preparation in the city, and as a result a third ther­ A feasibility study has been completed on a complex development in health mal well will be established. As planned, the water of this system also will www.komthermal.hu tourism. The study analyses the aspects of financing by evaluating several be laid into the spa and this makes it possible to further enrich the range of comprehensive alternatives of financing and subsidizing, to define the busi­ services. ness prospects and the profitability of individual project elements.

Investment objective Financial and Strategic investor

Expected collaboration with investor Joint Venture partner, Capital increase Acquisition of company

Investment return indicator Return on investment: 8-13 years, based on a discount rate of 5%, as well as both on availability (share of subsidies: 30% or 50%) and on non-availa­ bility of subsidized funds.

Stage of development Project idea Ramp up/growth phase Restructuring needed

Business Summary Provide a short description of the business The central aspect of this investment is the realization of the spa’s develop­ ment/expansion project. The elements of the Project (Reconstruction of existing spa facilities, Therapy Centre, Hotel) may only be viable if the spa’s full-scale renewal at the same time is fulfilled. Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Family Spa & Hotel Scrabantia****

Investment Summary contact information Industry MH SCARBANTIA HOTEL KFT Tourism

Executive summary Dr János Piskolti Mobile: +36 20 921 0997 A four-star hotel in Sopron with 142 rooms, apartments (all in all 400 beds) and connecting developments. Email: [email protected] Spa (400 person 900 m2 water surface), wellness (450 m2), conference room (150 pers.), multifunctional room (2000 m2, 500 pers.) garage (262 Funding cars), courtyards with garden (3700 m2), roof garden (600 m2), total building requirement (Eur) space: 31,400 m2.

30 000 000 EUR Potential start: 2013 1stQ, opening: 2015 1stQ

(value of start-up company: Investment objective 6 500 000 EUR) Financial and Strategic investor

Expected collaboration with investor Joint Venture partner, Capital increase Amount 6 500 000 Euro in exchange for 100% of the company share

Investment return indicator 9-12 years

Stage of development Project idea

Business Summary

Provide a short description of the business • participation in finance, construction, management, operation, FM, or • sale of the complete project (Project company)

Investment potential in tourism, entertainment and culture in Sopron and region, unique situation in the historical city, on the border of Austria, 12 km from Lake Fertő, 40 km from Vienna, 90 km from Bratislava, 120 km from the thermal lake at Hévíz

Description of your product(s) and/or services Construction, (management, operation, FM) Energy supply

Any other relevant information Final building permit Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Gerohostel Health Tourism Park, Vilmos Park, Csorna

Investment Summary Business Summary contact information Industry Provide a short description of the business Csorna Town Local Government Tourism The planned Vilmos Park Health and Tourist Centre of Csorna is a poten­ tially successful and innovative idea, it brings employment and tax revenue Executive summary to the area, and has the full support of the town, as a result of which, it Dr György Turi Creating a health tourism centre that is based on the healing waters of is an entirely economically viable proposition. We believe that it will give Mayor Csorna. It will include complex services and be the main attraction of the a competitive edge to the local government, the investors and the opera­ Head of the Local Government area; in addition, it will be among the top ten facilities of the country. tors. of Csorna Planned facilities: Phone: +36 96 590 100 Funding Description of your product(s) and/or services • wellness and health tourism centre Fax: 36 96 261 680 requirement (Eur) • swimming pools The project area is about 18 hectares, near the centre of the town. Email: [email protected] • hotel The Local Government has approved the relevant permissions: 27 000 000 EUR • specialised accommodation for retired guests (gerohostel) • building permit for the landscaping www.csorna.hu • sports fields, sports centre • licensed plans for traffic roads and parking spaces (+15 000 000 EUR (expiry of the validity period of the building permit) Investment objective for the sports centre) • building permit for rainwater disposal and scenic lakes Strategic investor • building permit for sinking the thermal water well

Expected collaboration with investor Any other relevant information Depending on the negotiation In 2012, a sport fields was built next to the area. The thermal water is rich in minerals and is unique due to the high salinity. Investment return indicator The thermal waters of Csorna and their healing properties are considered to Depending on the project be ideal for rheumatic conditions, joint problems and gynaecological com­ plaints. Stage of development Project idea Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Veszprém Airport

Investment Summary Business Summary contact Provide a short description of the business information Industry The complex development plan is required as well as the feasibility study for The Municipality of Veszprém Tourism the facility development plan. Town of County Rank Executive summary The Municipality of Veszprém Town of County Rank provides coordination Veszprém Airport is a former military base that is a brownfield area of 440 ha. Mr Tamás Józsa and services for fulfilling the administrational obligations regarding the site- The airport is located 5 km from the town of Veszprém, a city of 60 000 Mobile: +36 30 239 8861 acquisition, planning and permitting procedures, and all other legal obliga­ habitants and operated by a private company. The airport is located next to Email: [email protected] tions on the part of the investor. In relation to the building process we can an industrial zone, which is additional 100 ha, partly owned by the munici­ assure you that all the public utilities can be completed within 1 year (with pality. planning and permits), and all infrastructure can be available on the spot www.veszprem.hu Funding to suit your requirements. The gas and electricity supplier can include the Within this investment, 678 941 m² land is available for sale with the follow­ requirement (Eur) investment costs of the utility in the operating costs, so that the prior invest­ ing characteristics: ment would be paid back to you. 24 000 000 EUR • Zoning: GKSZ 18-19, Economic-Commercial Service Zone: • Built in ratio: 45% • Minimum green area: 30% • Maximum building height: 16 m

Our site is classified for industrial utilization; there are no nature conservation restrictions and no obligation for archaeological excavations on the land.

Investment objective Financial investor

Expected collaboration with investor Joint Venture partner, Capital increase

Stage of development Ramp up/growth phase Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Hotel Karos Spa

Investment Summary Business Summary contact information Industry Provide a short description of the business Karoinvest Zrt. Tourism Annual average capacity utilization: 65%, average revenue per room: 24 000 HUF, ca. 85 EUR. It has started to recover from the economic Executive summary crisis. In the next 5 years, a 2-3% increase can be expected in the capacity Mr István Huszti Opened: 2004 utilization factor, and 3-5 EUR growth in the average rate per room. It will Mobile: +36 20 934 9058 make 6-9% higher turnover per year. In the last few years the rationaliza­ Email: [email protected] Site area: 35 600 m2 tion of the cost management took place, so the GOP grew from 23.7% to 31% in 5 years. Mr Botond Üsztöke Ground area of the hotel: 3 500 m2 General Manager Funding Raising the number of the clients is possible with greater activity in the Mobile: +36 30 822 1717 requirement (Eur) Facilities: 221 bedrooms, 300 seat restaurant, 60 seat bar, conference hall foreign markets to get potential customers and by holding the strong do­ Email: for 300 persons and 3 sectioned rooms, therapy and wellness department mestic family segment. The excellent conference capacity of the hotel also [email protected] 22 000 000 EUR on 4 000 m2, pool area with 850 m2 water surface: 1 thermal pool, 4 addi­ has further significant potential. tional indoor and 2 outdoor pools, hotel owned thermal spring: 50°C from www.karos-spa.hu 900 m depth, parking space and garage for 280 cars. The hotel situated in Description of your product(s) and/or services the 3rd largest spa town of Hungary, in Zalakaros- 35 km from the world The hotel situated in the popular spa town, which is famous for its unique famous Heviz and from the biggest lake in Europe, Lake Balaton. Fly Bala­ thermal water and is developing dynamically. ton airport is 20 km far away, Budapest is to be reached within 1.5 hours on a direct motorway link. Clients: in the high season 80% domestic, 20% In the town and in the area the hotel is the largest four-star superior house. foreign, in the off-peak season 60% domestic, 40% foreign customers. In Hungary, the hotel is well known, having developed its well recognizable brand. Investment objective Financial and Strategic investor The hotel is famous for its family friendly facilities of the highest standards, which makes domestic young families the primary target group during the Expected collaboration with investor high season of the school holidays. In addition, it has succeeded in sig­ Acquisition of company nificantly increasing the number of foreign customers lately- thanks to the wide range of therapy facilities and to the increasingly more popular family Investment return indicator centred character of foreign guests. 15 years The majority of foreign clients come from the following countries: Germany, Stage of development Austria, Czech Republic, Poland. Ramp up/growth phase Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Theil Medical Tourism and Nursing Institution

Business Summary contact information Provide a short description of the business THEIL Zrt. The project, beyond the nursing department, owns an equipped operat­ ing room with plastic surgery and dentistry capabilities, and rehabilitation (Will be formed in case centres including a medical department. Its target group due to the airport of investor demand) located 15 kilometres away and the proximity of the Austrian border pro­ vides a broad base of Western European customers who need medical Mr Gábor Párkányi treatment and medical rehabilitation, and can be treated within discrete Mobile: +36 20 371 8885 circumstances. Email: [email protected]

Funding The property has licensed the right for a cold water facility, which is, based Ms Réka Lévai requirement (Eur) on the water quality geodetic studies potentially the same quality as the Mobile: +36 70 612 7239 popular Coca-Cola mineral water, Naturaquva. This would provide the Email: [email protected] 21 500 000 EUR supply for the water bottling plant.

Description of your product(s) and/or services Investment Summary Services: health and medical tourism, specialist medical care, 24 hour nursing care, dentistry, plastic surgery, spa, thermal bath, physiotherapy, Industry balneotherapy, hydrotherapy, rehabilitation, Tourism Industrial sectors: mineral water bottling plant. Executive summary The project includes the establishment of four medical tourism, recreation Any other relevant information centres and nursing institutions, with the establishment of a thermal spa and a mineral water bottling plant located in three regions (Budapest, lake Location Area m2 Building m2 Property Renovation, Balaton, the largest lake in Central Europe and the Europe famous spa purchase price construction next to Zalakaros). A key aim of the investment is the maximum achievable + commission cost expan­sion of the buildings where it is feasible and in a way, which results in Medical centre minimizing operating costs. Thus, the primary technical aspect is that the 9202 4200 2 500 000 2 800 000 of Siófok I. solar and geo-art technology assists the institutions to be trouble-free, envi­ Medical centre ronmentally friendly and inexpensive to operate. The maximum number of 4000 1900 2 300 000 2 800 000 of Siófok II. patients at any one time is 586 people; the new staff who will be employed is estimated at 201 people. Medical centre, spa and mineral Investment objective water bottling 16542 - 1 800 000 7 900 000 Financial investor plant of Garabonc Expected collaboration with investor Medical centre 7080 1300 1 100 000 300 000 51% shares of the capital and interest in respect redemption, 8 years of Délegyháza Total: 7 700 000 13 900 000 Investment return indicator 37080 8550 Total: 21 500 000 €

2013 2014 2015 2016 2017 2018 2019 2020 19% 16% 10% 11% 12% 15% 17% 19%

Capital payback period: 3.9 years Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Zalaszentmárton Thermal and Medical Resort

Investment Summary contact information Industry Zalaszentmárton Thermal Tourism and Medical Resort Executive summary The project envisions the establishment of a Thermal and Medical resort in Mr Zoltán Dancs a small village in an idyllic and peaceful surrounding. The project area has a Mobile: +36 30 912 6964 thermal spring and there is a concession to exploit it. Alongside the resort, Email: [email protected] there will additional facilities, such as restaurants and bars. The resort will also feature youth entertainment facilities. Funding Investment objective requirement (Eur) Financial investor

21 000 000 EUR Expected collaboration with investor Joint Venture partner, Capital increase Amount 500 000 Euro in exchange for 70% of the company share

Investment return indicator 9 years

Stage of development Ramp up/growth phase

Business Summary

Provide a short description of the business The establishment of a 150 room hotel, a hospital and asylum for the treat­ ment of motoric illnesses in an idyllic small village in a medical region with several spas Hévíz – Bük – Sárvár – Zalakaros – Kehidakustány. This facility will have a special focus on the young. Furthermore there is cooperation with one of the most famous Hungarian medical facilities to provide exper­ tise and equipment for the treatment of different illnesses.

Description of your product(s) and/or services Establishment of a 100 room hotel, with services for the medical treatment of motoric illnesses.

Any other relevant information The local government supports the project idea, both the area and the project is owned by a private individual. Furthermore, there are state subsidies avail­ able for certain project elements. Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Wellness and Conference Hotel Mórahalom

Investment Summary Business Summary contact information Industry Provide a short description of the business Local Government Tourism The Local Government of Mórahalom is a fully independent business autho­rity. Its functions are preparation and implementation of the opera­ of Mórahalom Executive summary tional works of the local government and also the policy decisions of state. Mórahalom is located only 20 km from Szeged (regional centre) and only It is responsible for preparing and implementing the decisions of the repre­ Mr Zoltán Nógrádi 12 km from the western-exit of the M5 motorway, along main road nr. 55. sentative body and its committees in the fields of economics, education, Mayor Thermal water is the most significant tourist attraction among the treasures culture, health and social policy, sport, regional policy and community care. Phone: +36 62 281 022 of the region, in this way health tourism is the most important part of its tour­ According to the articles of association its basic activity is administrative Email: [email protected] ism and which also has the greatest development potential. activities of the municipality and also the spa and strand services. Funding Ms Beáta Árokszállási Description of your product(s) and/or services requirement (Eur) Development of the thermal water heating circulation is completed. All of the Phone: +36 62 660 710 ongoing investments can be joined to it. Not relevant Mobile: +36 70 374 7224 Total costs of the Any other relevant information Email: [email protected] Wellness and Conference Exhibition model farm houses have been built: residential, farmer, and public The Local Government of Mórahalom is managing in priority the investments Hotel is between houses. in the field of tourism. The four-star Saint Elizabeth Spa is in the property of Hungary, 6782 Mórahalom, 12 000 000 – 18 000 000 EUR We are looking for investors to build a four-star wellness and conference the local government and it has an outstanding position in the tourism of the Millenniumi sétány 2. hotel with 100-200 rooms in the above mentioned investment area. region. www.morahalom.hu Investment objective Financial investor

Expected collaboration with investor Amount 11 000 000 Euro in exchange for 90% of the company share

Stage of development Project idea Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Nagyatád “Mándl” Castle Hotel & Training Centre

Investment Summary After finishing the project, the Castle Hotel & Training Centre will provide the contact following services: Castle Tourism: for those with keen interests in cultural information heritage and in ancient cultures; Training Tourism: business events, two Industry or more day training options; Game Tourism: for hunters visiting this wild­ Hacienda Ingatlanfejlesztő, Tourism life rich micro-region; Week-end Tourism: wellness and leisure services; Ingatlanforgalmazó Event Tourism: weddings, balls, exclusive business events. Executive summary és Ingatlanközvetítő Kft. Within the framework of the project, a four-star hotel complex will be built Any other relevant information which has an own wellness department. It will include a room large enough An approximately 7.5 ha plot next to the castle area is owned by the local Dr Attila Molnár for conference tourism and rooms suited for the organization of smaller municipality, who is willing to sell it, so the project can be further developed to Phone: +36 1 430 3870 training groups. The project owner company has the valid construction per­ a hotel with 300-350 rooms, if needed. Email: mit that enables the company (i) to renovate the old castle, (ii) to build two [email protected] Funding atrium houses (2x35 rooms), (iii) to build a spa with wellness section and (iv) requirement (Eur) to build a restaurant with a bar. Investment objective 12 000 000 EUR Financial investor

Expected collaboration with investor Acquisition of company

Investment return indicator 10 years

Stage of development Start-up company

Business Summary

Provide a short description of the business The Nagyatád “Mándl” Castle Hotel & Training Centre project provides the possibility to establish a hotel complex with different functions (that also work separately and irrespective of each other) with low investment costs. The project has the support of the local municipality.

The castle is situated close to the city, but in an amazing environment, with excellent facilities which usually cannot be reached from one location (golf course in the neighbourhood, excellent hunting, fishing and tourist possibilities; a number of near-natural activities).

Description of your product(s) and/or services The overall building work, which consists of the new and also the restructur­ ing work, will result in the development of about 7600 m2 of useful space (castle: 1600 m2, spa and wellness section: 760 m2, atrium houses: 2924 m2, other buildings (meditation house, music pavilion, outdoor pool, parking spaces etc.: 2310 m2)). Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Soho Boutique Hotel for sale

Investment Summary Business Summary contact information Industry Provide a short description of the business Soho Hotel Kft. Tourism The hotel has over 73% yearly occupancy. Sales & Marketing: The hotel accommodates, mostly FIT clients, 75% of Executive summary the total room nights are booked through online channels, 10% are by tra­ Mr Csongor Veress The So h o Bo u t i q u e Ho te l **** is located in the heart of the city in the middle ditional travel agencies, 5% are taken by corporate guests, 10% are direct Mobile: +36 30 507 1971 of colourful and teeming Budapest. The hotel meets every need of style and bookings. On the online guest evaluation sites, the hotel has a rating of Email: [email protected] elegance in the vicinity of the city’s pulsing cultural scene, entertainment 4.2-4.5 on a 5 points scale. and nightlife. The famous historical sights, the river Danube, Váci street, Hungary, 1074 Budapest, Description of your product(s) and/or services the Synagogue, the Budapest Broadway, the best restaurants, theatres and Dohány utca 66. 3/15. Funding concerts are all located nearby, all easily accessed thanks to the excellent Property: Soho Boutique Hotel, Classification: 4 stars, Total room num­ requirement (Eur) traffic network and public transport in the area. ber: 74, Grand Opening: 2008, fourth quarter www.sohoboutiquehotel.com Investment objective 12 000 000 EUR Operations: The hotel has 10 employees, the Food & Beverage and House­ Strategic investor keeping departments are outsourced.

Expected collaboration with investor Accommodation: The hotel has 68 standard rooms, which are equipped Amount 12 000 000 Euro in exchange for 100% of the company share with (shower, air conditioning, free of charge internet, non-allergy set up) Acquisition of company various extras to provide the greatest comfort. There are six Soho Junior Suites that welcome guests with bath tubs or showers, spacious rooms and Investment return indicator extra equipment, and can accommodate even 3 or 4 people. 15 years Conference facilities: The total capacity is between 50-70 people. It is Stage of development equipped with natural lighting (partly), air-conditioning and the required Ramp up/growth phase audio-visual technology to offer a perfect venue for conferences and busi­ ness meetings. The hotel provides a unique ambience for coffee breaks, business lunches, cocktail parties and standing receptions.

Meeting room: It is suitable for holding smaller meetings, get-togethers, or events.

Restaurant: Soho 64 Restaurant is located on the grand floor and it serves breakfast from 7-10 AM.

Bar: Soho Lounge located in the lobby with a wide range of drink special­ ties.

Hotel Services: 24-hour reception, Air conditioning, Non-smoking area, Underground parking, Room service,

Room Amenities: Minibar, individually adjustable air-conditioning, safe, satellite TV channels, soundproof windows, hairdryer Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Luxury apartment houses in the Thermal village of Mórahalom

Investment Summary Business Summary contact information Industry Provide a short description of the business Local Government Tourism The Local Government of Mórahalom is a fully independent business autho­rity. Its functions are preparation and implementation of the opera­ of Mórahalom Executive summary tional works of the local government and also the policy decisions of state. Mórahalom is located only 20 km from Szeged (regional centre) and only It is responsible for preparing and implementing the decisions of the repre­ Mr Zoltán Nógrádi 12 km from the western-exit of the M5 motorway, along main road nr. 55. sentative body and its committees in the fields of economics, education, Mayor Thermal water is the most significant tourist attraction among the treasures culture, health and social policy, sport, regional policy and community care. Phone: +36 62 281 022 of the region, in this way health tourism is the most important part of its tour­ According to the articles of association its basic activity is administrative Email: [email protected] Funding ism and which also has the greatest development potential. activities of the municipality and also the spa and strand services. requirement (Eur) Ms Beáta Árokszállási Description of your product(s) and/or services Development of the thermal water heating circulation is completed. All of the Phone: +36 62 660 710 Total costs of the ongoing investments can be joined to it. Not relevant Mobile: +36 70 374 7224 apartment houses are Email: [email protected] 11 600 000 EUR Exhibition model farm houses have been built: residential, farmer, and public Any other relevant information houses. The Local Government of Mórahalom is managing in priority the investments in the field of tourism. The four-star Saint Elizabeth Spa is the property of Hungary, 6782 Mórahalom, We are looking for investors to build luxury apartment houses with 80 par­ the local government and it has an outstanding position in the tourism of Millenniumi sétány 2. cels of land and buildings in the above mentioned investment area. the region. www.morahalom.hu Investment objective Financial investor

Expected collaboration with investor Amount 10 500 000 Euro in exchange for 90% of the company share

Stage of development Project idea Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Hotel Arboretum Leisure Centre Debrecen

Investment Summary Business Summary contact information Industry Provide a short description of the business Arbo Invest Co. Ltd. Tourism The hotel offers 206 rooms, includes 60 apartments in 6 separated build­ ings, and for luxurious needs, a presidential suite. Considering the planned Executive summary four-star category of the hotel, an exclusive wellness unit will be created Mr Levente Nagy Comprises a four-star superior hotel and leisure centre in 28 hectares near within the building. The wellness services offered by the aqua park basically Project Manager to Debrecen on Hungary’s Northern Great Plain serve the entertaining of the guests of the hotel. The medicinal water-bath Phone: +36 52 531 848 with internal and external and with swimming, pleasure and spa pools, will Fax: +36 52 531 849 Arbo Invest Co. Ltd. has created the realization of an outstanding and unique be the part of the wellness unit. In the internal pools, besides the Jacuzzi, Email: tourism destination with an international airport and motorway access near massaging and twinning corridor, a swimming pool and pleasure pool can [email protected] Funding Debrecen. be found. In the exterior part an orb-waterfall and zodiac-bench makes requirement (Eur) the adventure in the water all the more varied. A part of the spa services Hungary, 4030 Debrecen, Debrecen, the second biggest city of Hungary is situated in the Eastern part – such as dermatological and physiotherapeutic – is based on the qualified Vikár Béla utca 4-6. 10 000 000 – 42 000 000 EUR of the country, in the region of the Northern Great Plain. The location of the medicinal water named ARBO AQUA that was found in the area. planned Hotel Arboretum and Leisure Park development is situated 7 kilo­ www.hotelarboretum.com metres from the city centre, to the East, in one of the most famous excursion Description of your product(s) and/or services centres of the inhabitants of Debrecen. It is next to the lakes of Fancsika, in Inside the complex a programme and conference room suitable for receiv­ www.arboinvest.hu a 28 hectare green neighbourhood and arboretum. The territory is acces­ ing 700 people is provided with a modern technical background, and is sible on a forest asphalted road called “Panorama Road”. located hotel. Owing to the stepped disposition of the room it can be the scene of principally sport and social events, acoustic concerts, congresses, Investment objective conferences and large company programmes. Besides the banqueting hall, Financial and Strategic investor 13 further smaller sections will be established, some of which can be joined together. The architectural establishment of the programme centre makes Expected collaboration with investor it possible that they could be totally severable from the hotel section. In Joint Venture partner, Capital increase the building of the hotel, a live and electronic casino will also be created Amount of 10 000 000 Euro in exchange for 51% of the company share on nearly 1000square meters providing entertainment possibilities for 150 Acquisition of company guests at the same time.

Investment return indicator 203 Hotel Rooms; 60 Apartments; 700 Seats Conference Hall; Aqua Park; 19 years Medical Spa; Medical Thermal water “Arbo Aqua”; Sport Complex; 7 ha Golf Course; Live Casino. Stage of development Project idea Any other relevant information In the building of the aqua park but in the area of the bath two larger a la carte restaurants can be found. Hajdú Restaurant, which is 190 square metres and capable of receiving 136 people, is extended with a terrace in summer and will be characterized by the flavour of traditional, local Hungarian cuisine. Whilst in the cellar, the 400 square metre Corvin restaurant capable of receiv­ ing 150 people at the same time will be characterized by the foods of the Mátyás-period.

Geothermal energy utilization, using “Green Energy”; Connection with own Rural Horse Ranch in 18 hectares Tourism Arab – Hungarian Economic Forum – 2012 Budapest

BARCIKA PLAZA

contact information

Barcika Komplex Kft.

Mr Zoltán Pethő Mobile: +36 30 648 6146 Email: [email protected]

www.barcikaplaza.hu

Funding requirement (Eur) Investment Summary Business Summary 8 051 000 EUR Industry Provide a short description of the business Tourism Barcika Plaza is to be developed in the city centre with a wide range of services that are currently not available in the town. Executive summary The Barcika Plaza is to be developed in (Hungary). The project The 11 400 m2 Barcika Plaza comprises almost 7 400 m2 services and has had a legally binding building permit since spring of 2010 (under reg. sales area. For the comfort of customers and tenants, a more than 400 car number of 291-3/2010/Éphat) and some elements of construction have al­ new parking lot will be formed around the building. ready been started. In order to continuously maintain the profitability of the Plaza at an appro­ priate price level, we contracted with the Jones Lang LaSalle company, The project is appropriate, based on comparative plaza sourced data, with who is Central and Eastern Europe’s leading retail consulting and introduc­ the project evaluation performed by a professional valuation of the property ing company. dealing company, Colliers International. Based on Colliers International’s evaluation, the Gross Development Value of the project at opening of the Description of your product(s) and/or services plaza equals to EUR 11 415 387. Barcika Plaza is to be an entertainment and shopping centre with the follow­ ing planned services: Detailed financial calculations of the project (financing, return, business • four room cinema, with digital sound and 3D projection plan, balance sheet plan) are available and summary business figures of the • bowling alley with four tracks project are attached to this introductory documentation. • casino, amusement arcade • food & drink venue, fast food restaurants, coffee shops Investment objective • pharmacy, post office, bank, exchange, travel agency, tote and lottery Financial investor store • playroom for children Expected collaboration with investor • repair store, service station, dry cleaning Loan • stage for programmes and events • offices with conference rooms, separated entrance Investment return indicator • nearly 60 retail stores 10 years • outdoor parking lot

Stage of development Any other relevant information Start-up company In respect of project planning and preparation, we currently have 43.4% pre-sales in respect of the leased area through our own company, which accounts for 37.9% of rental fees. Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Keszthely Beer House

Investment Summary contact information Industry Vencel Udvar ltd. Tourism

Executive summary Mr Tamás Koronczay The project encompasses the restoration of a former brewery into a new, modern trading and housing facility in the town of , an area famous Mr Zoltán Dancs for tourism. As the town has excellent infrastructure conditions (vicinity of a Mobile: +36 30 912 6964 motorway and airport) both Hungarian and foreign tourists will likely visit the Email: [email protected] newly established facility. Funding Investment objective requirement (Eur) Financial and Strategic investor

8 000 000 EUR Expected collaboration with investor Joint Venture partner, Capital increase Amount 8 000 000 Euro in exchange for 80% of the company share

Investment return indicator 10 years

Stage of development Ramp up/growth phase

Business Summary

Provide a short description of the business The project a site is in the town of Keszhely, which is the main tourist centre around Lake Balaton. The project envisions the establishment of a shopping centre with 15 shops (beer house accommodation facility, shop­ ping courtyard, artists’ gallery) in a bazaar-style on an area of 0.4 hectares. The basis of the development is the 200 year old beer house with 1000 m2 of cellar below it, which will be restored as a first step.

Description of your product(s) and/or services A demonstration brewery offering 20 different kinds of beer, a beer museum presenting the history of beer brewing in the area, restaurant with a capacity of 500 people, 15 shops for commercial use, artists’ gallery.

Any other relevant information The project idea is supported by the local government with additional state subsidies available for certain project elements. Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Sármellék Airport

Investment Summary Business Summary contact information Industry Provide a short description of the business Kanizsa Terra Ltd. Tourism Sármellék airport, a former military airport, now operating as an interna­ tional airport with cargo and passenger capacities. Its main focus is Ger­ Executive summary many with several flight connections. The adjacent 5.5 hectare area is ideal Mr Gábor Szányi The project focuses on the establishment of five storage facilities next to for the establishment of an industrial park, harbouring buildings which can Mobile: +36 70 613 5789 the Sármellék airport. They could immediately be rented for airplane main­ be used for airplane maintenance, storage purposes or food processing. Email: gabor@.hu tenance, foodstuff storage or general storage purposes. The airport has It is especially the latter which would meet existing demands and needs. recently been restored, therefore there is a great demand for available facili­ www.ipls.hu www.dzlk.hu ties. Description of your product(s) and/or services Funding Buildings available for airplane maintenance, foodstuffs cooling and storage, Investment objective requirement (Eur) potato processing and mixed storage purposes, which can be made avail­ Financial investor able for rental immediately. 7 000 000 EUR Expected collaboration with investor Any other relevant information Joint Venture partner, Capital increase The owner operates several industrial parks and the project is supported Amount 1 000 000 Euro in exchange for 80% of the company share by the local government, furthermore, there are state subsidies available for certain project elements. Investment return indicator 7 years

Stage of development Ramp up/growth phase Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Vital Gold Hotel and Spa****

Investment Summary Expected collaboration with investor contact Joint Venture partner, Capital increase information Industry Amount 5 000 000 Euro in exchange for 100% of the company share Szigetköz Üdülőpark Ltd. Tourism Investment return indicator Executive summary 11 years Mr Pál Domsich

Szigetköz Üdülőpark Ltd. would like to build a 4-star holiday resort of Stage of development Managing Director a European standard with a 200-room wellness hotel & bath centre, lake Mobile: +36 30 298 8498 Start-up company system, campsite and apartments on 50 hectares of owned land. Email: [email protected]

The land is situated at Ásványráró in Hungary which is next to the M1 mo­ Hungary, 9200 Mosonmagyaróvár Funding torway, 8 km far from the Lébény exit, with Vienna 95 km, Budapest 130 km Business Summary Kolbai Károly utca 10. requirement (Eur) and Bratislava only 40 km away. Provide a short description of the business The existing detailed landscaping plan creates the basis to develop the archi­ 5 000 000 EUR The project’s geographical location is excellent as it can be found in the tectural plans. The relevant feasibility study is also ready. golden triangle of Budapest/Hungary–Bratislava/Slovakia– Vienna/Austria. Thanks to its ideal logistics and locality, there are three airports (Vienna- According to the existing preliminary water-rights certificate, a thermal well Schwechat, Bratislava, Pér) in the neighbourhood, the E65 motorway and with a depth of 1,300 metres can be planned. Győr, one of the most rapidly developing cities of Hungary are also very close. The need for readily accessed, high-quality wellness and business The owners would like to sell the whole company together with the holiday centres in the triangle of the three capitals is growing dynamically. Due to resort project. the nearby airports other ready markets such as Russia or the Scandina­ Investment objective vian states can be reached. Financial and Strategic investor The land with the holiday resort has full planning permission, the architec­ tural plans and project can be started immediately. Tourism Arab – Hungarian Economic Forum – 2012 Budapest

The sale of the Piarist Friary

Investment objective contact Financial investor information Expected collaboration with investor The Local Authority of Tata For sale Mr Zsolt Bakos Asset management administrator Business Summary Mobile: +36 34 588 659 Email: [email protected] Provide a short description of the business The property has number of unique aspects, including an own view to the Hungary, 2890 Tata, Funding Old lake and the city, with the property being in the heart of the historical Kossuth tér 1. requirement (Eur) city centre. The buyer will be the owner of the most beautiful building in Tata, with the potential to develop the Piarist Friary into a wellness and www.tata.hu/onkormanyzat/ The purchase price conference hotel or a voluntary hospital. The new owner by these capabili­ uvegzseb/palyazat/8143 of the Piarist Friary ties can build an individual hotel. 3 700 000 EUR

Investment Summary

Industry Tourism

Executive summary The Local Authority of Tata announces an open competition for the utiliza­ tion with function change of the former Piarist Friary, which is a protected of monument. The Applicant has to undertake a minimum of the following four criteria: 1. tourism-hospitality, 2. medicine, 3. education, 4. cultural aim, when fulfilling the project

The size of the property is 10 4278 m2. The size of the building is 5 087 m2. The building has 50 rooms. The property is in the city centre, and by the building is the castle and the Old lake. Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Freedom project

Investment Summary Business Summary contact information Industry Provide a short description of the business Speedcarve Ltd. Tourism The hotel is a privately owned member of an international hotel chain with 32 rooms (6 single, 8 double, 13 twin, 2 triple, 3 apartments), with the Executive summary capacity of 60 guests together with a fully equipped conference room. Ms Viktória Bartucz This project concerns the sale of one of Budapest’s nicest three star supe­ The hotel was fully renovated in 2008, also having its own restaurant, Mobile: +36 30 511 2550 rior hotels. The location of the hotel is completely central, in the historic city breakfast hall, sauna and fitness room. Thanks to its excellent location the Email: centre, close to the Parliament, Great Market Hall, and several historic baths annual occ­upancy is about 75-80%. The hotel has contracts with three [email protected] and private clinics. companies who are arranging health tourism guests from the Scandina­ vian region. speedcarve.hu Funding Budapest is a very popular destination, top ten ranked in the Global Shop­ Description of your product(s) and/or services requirement (Eur) per City Index from 33 European cities, and is also very popular among health tourism guests from all over Europe. The hotel is managed by a professional team. Project Company’s share 3 600 000 EUR purchase agreement. The current investment loan of the project company Investment objective could be taken over by the buyer, or the seller will close it down from the Financial investor purchase price. The hotel is owned by a project company. The owners are financial investors with a planned exit schedule. 32 rooms hotel (***+) invest­ Expected collaboration with investor ment. Acquisition of company

Investment return indicator 10 years

Stage of development Exit Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Renovation of Rehabilitation Center/Spa Hotel at Mórahalom

Investment Summary contact information Industry Local Government Tourism of Mórahalom Executive summary The renovation and reconstruction of the Mayor’s Office building which is Mr Zoltán Nógrádi located between the four-star Saint Elizabeth Spa and the four-star Colos­ Mayor seum Hotel, to develop a 33-room spa hotel with the related management Phone: +36 62 281 022 and service rooms, together with the development of health services. Email: [email protected] Funding Investment objective requirement (Eur) Ms Beáta Árokszállási Financial investor Phone: +36 62 660 710 Total costs of the Expected collaboration with investor Mobile: +36 70 374 7224 renovation of the building are Email: [email protected] 1 800 000 EUR Amount 1 620 000 Euro in exchange for 90% of the company share.

Investment return indicator Hungary, 6782 Mórahalom, 9 – 10 year Millenniumi sétány 2.

Stage of development www.morahalom.hu Project idea

Business Summary

Provide a short description of the business The Local Government of Mórahalom is an independent business authority. Its functions are preparation and implementation of the operational works of the local government and also the policy decisions of state. Prepara­ tion of decisions and implementation of the decisions of the representative body and its committees in the fields of economics, education, culture, health and social policy, sport, regional policy and community care fall within its remit. According to the articles of association its basic activity is administrative activities of the municipality and also the spa and strand services.

Any other relevant information The Local Government of Mórahalom is managing in priority the investments in the field of tourism. The four-star Saint Eizabeth Spa is in the property of the local government and it has an outstanding position in the tourism of the region. Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Extending quality healthcare services in the BEST WESTERN Pannonia Hotel

Investment Summary contact information Industry DENTAL-PANNONIA Zrt. Tourism (Joint Stock Company) Executive summary Starting in 2011 we extended the Hotel with new rooms and will invest in Dr Pál Szilágyi new wellness facilities. Next year we plan to develop our healthcare servi­ PhD, LLM; Director ces arm. We intend to hire new doctors, broaden our services and set up Mobile: +36 20 366 6290 a world-wide campaign to reach out for patients currently not aware of the Email: Funding competitive quality service. [email protected] requirement (Eur) Investment objective www.hotelpannonia.com 1 000 000 EUR Financial investor www.dentalpannonia.com Expected collaboration with investor Share the benefits of the cooperation

Investment return indicator ROI will be based on the actual form of cooperation

Stage of development Ramp up/growth phase Business Summary

Provide a short description of the business Our business is the oldest in Sopron in two ways. Our Hotel is both the oldest and most established Hotel in Sopron. Our dental clinic was foun­ ded as one of the first ones and we have a client base which is unparal­ leled in Sopron and the region. The patients come from all over the world, however currently the main group are the German speaking countries. We intend to increase the number of clients from other regions.

Description of your product(s) and/or services At this time we provide Hotel services with a wellness area in the City of Sopron. In the healthcare arm we provide all aspects of dental treatments and will expand our business. Tourism Arab – Hungarian Economic Forum – 2012 Budapest

ALMALOMB - Mill restoration for exclusive eco-hotel

Investment Summary Investment objective contact Financial investor information Industry Expected collaboration with investor Sakia Ltd. Tourism Joint Venture partner, Capital increase Executive summary Amount 828 000 Euro in exchange for 49% of the company share Ms Rita Ásványi We are a start-up with the dream of providing the smartest green tourism Phone: +372 53 988 080 Investment return indicator experience in Hungary, in a 19th century water mill in Hosszúhetény, near Email: 8 years Pécs. The mill will have a small hotel and restaurant surrounded by a land-art [email protected] garden with connected services, focusing on wellness, local products and Stage of development culture. The target group will be foreign and domestic visitors with above Start-up company Funding average income, as well as private and corporate events. Total investment: requirement (Eur) € 1 207 000, from which own cash: € 207 000, EU subsidy: € 172 000 – not yet utilized. EU subsidy application to the value of € 600,000 is in 828 000 EUR progress. Business Summary

Provide a short description of the business Our venture will be unique in a 50 km radius as a result of its ecological standards, a contemporary austere design interwoven with the authentic industrial mill structure, and the completeness of services. The aim is to create an exclusive standard in a casual setting providing a niche for visi­ tors with a need for high quality services without the circumstantiality of luxury. Our services enhance each other as well being flexible enough to meet the market needs. We aim to be the 1st rural Bib Gourmand res­ taurant in Hungary. Our apple cider production can be developed into a whole-sale business as a flagship of other gourmet products under our own brand. Provided that the enterprise is lucrative there are expansion possibilities on our neighbouring properties as well as by buying further plots around the mill.

Description of your product(s) and/or services The core attraction is the restaurant in the restored mill, where we also have conferencing rooms for company and cultural events. The hotel has 1 honeymoon suite and 3 double rooms with a gallery. A green roof garden adjoins the new building, where 7 double rooms are planned. The lowest floor is equipped with a spa offering body treatments and saunas looking out to a small lake. We use green energy and will be family friendly with easy access. Local gourmet products will be sold, amongst which we plan to introduce homemade apple cider. We plan to organize wine-tasting events in our mill-cellar as well as at our vineyard. Through our local partners we offer additional activities connected to our region. Parking is planned on the neighbouring plot, which also provides an expansion possibility.

Any other relevant information The construction of the mill begins in Q4 2012 from the EU subsidy and our own savings. Meanwhile we are seeking financing solutions for the hotel. Tourism Arab – Hungarian Economic Forum – 2012 Budapest

Tourism investment opportunities in Makó, Csongrád, Hungary

Investment Summary tors makes the restoration of the original hotel functions of the building contact and the realization of 50 four-star rooms and apartments necessary. information • Kállai Hostel: The neo-gothic building, with three floors, with a basic Industry 2 area of 1032 m can be expanded inside the plot, and so 30-40 three- Municipality of Makó Tourism star hotel rooms can be developed. In case less hotel rooms are built, shops can be created downstairs. Executive summary Ms Ágnes Szél • The old Town Hall: With a basic area of 2492 m2, the tarnished The Municipality of Makó is looking for potential investors for the reconstruc­ Project manager two-story monument building was built in the middle of the 19th cen­ tion of five buildings, which are located near the SPA and very close to the Micro-regional tury and operated as the town hall in the past. Today it operates as city centre. The SPA reconstruction was finished in January 2012 and a high an office building. The whole plot of 3695 2m is situated next to the Development Office quality hotel is missing, the Municipality is willing to find a partner to open Phone: +36 62 511 898 Funding therapeutic section of the bath. a new hotel. Email: [email protected] requirement (Eur) Investment objective Description of your product(s) and/or services Hungary, 6900 Makó, Old Town Hall: Financial investor Our tourism product is our city. We have the following venues to visit: Széchenyi tér 22. 690 000 EUR Expected collaboration with investor In the centre of Makó, one of the most representative tenement houses of Joint Venture partner, Capital increase www.mako.hu Boarding School Galamb: the city can be found; called Bérpalota, it was built in the Neo-Baroque style. 783 333,3 EUR The impressive building of Hotel Korona, which was built in an eclectic style, Investment return indicator is also located in the city centre. The József Attila Museum and the Town Depend on interval of investment, co-owners agreement needed in condi­ Kállai Hostel: Museum are exhibiting the complete historical past and an original piece of tions 273 333,3 EUR a Ford Model T, designed by József Galamb is also presented here. Stage of development Old Police Station: Project idea The townscape of Makó is largely determined by the work of our world- 316 666,7 EUR famous organic architect, Imre Makovecz. In the city more than 10 buildings preserve some mark of the “Master’s hand”. Corona Business Business Summary Apparently the most outstanding work of Imre Makovecz in Makó is the and Service Centre new Hagymatikum bath. The enormous interior makes the complex unique: – Under evaluation Provide a short description of the business guests can relax in 18 different pools and in 9 types of sauna on 12 thou­ According to your requirements we are willing to rent or sell the following sand square meters floor space. This is completed by the unique natural buildings: values of Makó; the river Mures mud is excellent for curing arthritic and • Boarding School Galamb: rheumatic diseases and can be found only in five areas of the country. – Useful area: 2981.2 m2 – 76 rooms (there are 3 bigger rooms on the ground floor, 12 rooms on the 1st floor with approximately 30-70 m2 area). • Old Police Station: – Main building: Useful area: 1302.9 m2 – Outbuilding: Useful area: 110.00 m2 – There are 104 rooms in the building, of which 57 are to be offices and 47 are server units. • Korona Business and Service Centre: Currently it operates as a business and service centre. In the 1990’s it was renovated in several phases, so a modern restaurant, a conference room for 120 persons, section halls and offices were realized. The increasing number of visi­