2018. 06. 20
Unused historic building in Erzsébet City to revive as a hotel
With the work of Grabarics Kft., a 93-room hotel will be developed in Eötvös Street, Budapest.Grabarics Építőipari Kft. is going to commence work soon on a construction project having paused for a long time in district VI of the capital city.
With the work of Grabarics Kft., a 93-room hotel will be developed in Eötvös Street, Budapest.
Grabarics Építőipari Kft. is going to commence work soon on a construction project having paused for a long time in district VI of the capital city. Next to Andrássy Street, in Eötvös Street, the new four-star superior category hotel of the Triptara Group will be erected. The façade of the building under historic monument protection, built in 1885, shall be preserved during the project. It has been kept in place by means of steel scaffolds since 2011, the beginning of the world economic crisis.
An area of over 6 thousand square meters will be available for guests
The designs of Studio A4, earlier designer of the visual world of the Blind Children’s Home, will be the basis of the 93-room hotel. From the three underground levels of the building, two will serve as garages and one will function predominantly as engine room.
The reception and the dining areas of the seven-story building will be arranged on the courtyard front of the ground floor, while the upper floors will give a space of net 6257 square meters for the guest rooms in the building. The inner courtyard will be utilized as a green area.
An elegant hotel will be erected by working in narrow streets
Through this investment project, Eötvös Street almost completely preserving the city scape of the turn of the century will continue to develop while life can go on behind the façade of the property under historic monument protection.
Grabarics Kft. is going to work on the development project in a narrow street just one corner apart from both Andrássy Avenue and the Grand Boulevard, next to the block of the Azerbaijan Embassy under special treatment. With the completion of the project, the capital city with its ever-growing number of tourist will be enriched by another elegant hotel.
- Dun & Bradstreet, the international provider of business information and company ratings classifies the financial stability and business reliability of all enterprises based on a proven system, that has been designed by international experts, and whose operation is consistently measured. This is how our company, Grabarics Kft. has been chosen as one of the enterprises with the steadiest financial standing.
- The comprehensive renovation and expansion of the Buda Order of Mercy Hospital was successfully completed in February 2026. The general contractor for the project was Grabarics Építőipari Kft., which, throughout the entire construction process, demonstrated outstanding professional expertise in harmonizing modern healthcare infrastructure with the historic surroundings.
- The development of the Dreher Breweries has reached another spectacular milestone: we have reached the highest point of the buildings, which we celebrated with a topping-out ceremony in keeping with tradition.
- Grabarics Kft. is participating as the general contractor in the Bazalt III project at ROCKWOOL’s Tapolca site, which involves the comprehensive development and renovation of the existing office, workshop, and warehouse areas. The project is scheduled for completion, with technical handover set to begin, in the third quarter of 2026.
- Weinberg '93 Ltd. and GRABARICS Ltd. won the consortium tender for the expansion of Dreher Breweries in 2024. A unique investment in the Hungarian beer industry is underway at the historic Dreher Brewery, with the aim of modernizing the brewery's technology. The first phase involves the construction of a new cellar and energy block, with the general contractor's work already well underway.
