Danubius, HU0000074067

ISIN: HU0000074067 WKN: A0DJZ3 The legal predecessor of Danubius Hotel and Spa Plc.

27.12.2011 - 16:25:56

Danubius. Danubius Szálloda és Gyógyüdül? Vállalat (Danubius Hotel and Spa Company), was established in 1972, as an owner of Grand Hotel Margitsziget, Hotels Helikon Keszthely and the building permits for Hotel Hilton Budapest. In 1999 Danubius itself becomes a holding company and operates a Property Company (Hungaria Hotel and Property Rt.) and a Management Company (Danubius Hotel Management and Service Rt.). The main focus of the Danubius Group, owner of the biggest Hungarian hotel chain (Danubius has more 15% from the Hungarian Hotel Capacity), is the operation of thermal spa hotels. In order to counterbalance the growing competition in the Hungarian hotel business, the company is being expanded abroad. The primary aim of its foreign expansion is to acquire hotels in traditional spa localities with established reputations. Date of listing on Budapest Stock Exchange 23 Dec 1992. Face value 1,000 HUF.

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