Big investment talk promises bigger investment action
The days of Communist-era prefabricated hotels, poor quality “Zimmer frei” bed and breakfasts and dingy sausage stalls will become a thing of the past if the ambitious plans of a Hungarian company come to fruition. SCD Holding, a property development and management company, plans to turn Balaton into an attractive holiday destination. SCD will invest more than HUF 100 billion (EUR 395.01 million) in a total of 28 projects near the lake by 2014. The projects at 21 locations around “Hungarian Sea” would create some 20,000 new hotel beds, 600 to 800 modern bungalows, 2,200 to 2,600 camp site spaces and 260 to 300 new landing stages for yachts. Large-scale theme and amusement parks are also envisaged.