2010.05.05

A new attraction is being built just a 5 minutes’ walk away from our hotel, which according to plans is going to open in November 2010.

The construction began a year ago at a rundown area called ˝Közraktárak”, which in the future will probably be one of the main cultural and tourist sights of Budapest.
Although it is a private investment, the owner of the whole building is Budapest and the developer has the right to operate the building for 35 years.

The new venue is called CET; but where does this name come from? Around 60% of the 3 original storage buildings are going to be renewed. Close to the Fővám tér between the 2 parallel building annexes a great atrium will be built with a specific metal-glass roof, which overhangs throughout the whole building. So the shape of the overall building resembles a whale (in Hungarian ˝CET˝), which is short for Central-European Time.

Additionally to the building, a garage with 250 spaces is being built under the 31.000m2 big building which will also be home of shops, restaurants and cafes on 3 floors. Moreover, a conference room located on the second floor will provide a proper place for events for up to 1050 people.

Also, if front of the annexed building with a view to the Danube a 200-meter-long promenade will be established and behind the building an open-air terrace will be built which will be connected to the ˝Nehru-part”.

Particularly, CET won’t be mainly a commercial centre; rather it will accommodate bookstores, galleries, applied art-and design-shops and its intention and project will not become the competitor neither of Palace of Arts nor the Millenáris Park.

As hoteliers and due to the close proximity of our hotel we will try to build a special cooperation with CET similarly to the existing relations with the Hungarian National Theatre, since I think that such a spectacular venue with abundant cultural programs will attract many Hungarian and foreign guests.