LONDON (Thomson Financial) - Ablon Group Ltd said it has acquired a 5,409
square metre building in Budapest and intends to convert it into a 74-bedroom
luxury boutique hotel at a cost of 11 mln eur.
The real estate company said work on the development is expected to be
completed towards the end of 2008.
TFN.newsdesk@thomson.com
kal/wj
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