At Home Network: Hévíz – Opportunities in the paradise of thermal waters

In Hungary, there is a city, what is called the paradise of thermal waters. Hévíz, situated on the northern shore of Lake Balaton, has been the best-known spa and tourist center in the European region for centuries. Hévíz is the hometown of the world’s second largest warm water natural thermal lake of turf. Popularity of Hévíz is unbroken, even in the time of financial crisis. This town now offers an outstanding opportunity for investors.

In Zala County’s most visited city, the season lasts all year. The lake’s water (summer temperature 34 and winter temperature 28 Celsius degrees) is useful to cure various rheumatic, neurological, muscular and gynecological diseases. Every year, nearly 120,000 guests, close to a million overnight, stay in Hévíz and take advantages of special accommodations. Popularity of Hévíz is more than obvious. This city now offers an excellent opportunity for investors:

There’s a property that is located at one of the most beautiful part of Hévíz: on the highest point of the city, just 250 meters from the thermal spa park. In the two acres landscaped garden there is a good conditioned mansion, built in the 1920’s. The castle includes an own spa thermal treatment, a complete medical wing, two swimming pools and treatment rooms. The existing Castle building and the new hotel wing band looks special, it results a unique architecture and tourist attraction. The building has operated as a three-star hotel with its thirty rooms in the recent years. Now, with an internal refurbishment and modernization, it offers two great options:

Renovation and conversation of the castle building, rebuild the existing 30 rooms to16-18 luxury apartments. At the same time, there is an opportunity to develop the new, nearby 200 room new hotel wing with Medical & Wellness & Spa services and outpatient hospital / nursing home functions.

Renovation of the castle building, and increase the current 30 rooms’ capacity to 32. Moreover there is a possibility to renovate and expand the medical unit, built in the 1970’s, and to some other minor improvements (winter garden restaurant, fireplace bar, library room, etc.).