The Prime Minister is dying up new hotels with the last extraordinary working order: he has taken over two Austrian ski hotels and a wellness hotel in Mátáros from Lőrinc Mészáros, but he has also laid his hands on a downtown boutique hotel and acquired a hotel on Dorottya Street in Budapest. Then, when he moved to Marbella with his family, he also bought an 84-room hotel on the Costa del Sol in Spain.
THE Answer Online just looked it up, from which you can run István Tiborcz ‘s company to expand at such a pace, and they received one of the least surprising answers from the company documents: they mostly receive loans from the national strategic bank holding of Lőrincék Mészáros.
Of the BDPST Group’s 60 billion bank debt, 55 billion was received from the member institutions of Magyar Bankholding (Takarék Group, MKB, Budapest Bank). “If, for some special reason, the István Tiborcz could not pay the installments of their loans in the coming years, the bank holding system of Lőrinc Mészáros will take over the right to dispose of most of the exclusive properties. In other words, the acquired property remains in the same circle. In the uphill”The paper notes.
Loans were taken for these properties:
- Hotel Dorothea; Budapest V., Dorottya utca 2. (under construction) – HUF 40.14 billion loan from Takarékbank;
- D8 Hotel; Budapest V., Dorottya utca 8. (new acquisition) – 6.7 billion loans From MKB Bank;
- A former Iberostar Grand Hotel; Budapest V., Október 6. utca 26. (new acquisition) – 5.21 billion loan from Budapest Bank;
- Adriatic Palace; Budapest V., Zoltán utca 18. (under renovation) – minimum 3.025 billion loan to Budapest Bank. According to the paper, it can already be seen on the margins that the financial institution is providing another loan to the project company for an unknown amount.
In addition, Tiborczék also took out loans from the state-owned Granite Bank, for example for the Turai Castle or the Alice Hotel on Andrássy út. The Hungarian Development Bank lent them for the Andrássy Mansion & Spa in Tarcal. Only several properties, such as hotels in Austria and Spain, do not yet see if they had to take out a loan.
The BDPST Group press responds only to the fact that the group secures the acquisition of the real estate market from its own resources and from bank financing, as the details of the financing correspond to business secrets, so no details are provided.