Concept

InterContinental Budapest

Summary
The InterContinental Budapest Hotel is located on the Danube bank. History of the InterContinental Budapest The hotel was originally built as the Forum Hotel. Its construction was made possible by a favorable credit contract after an Austrian-Hungarian government agreement. Construction began in July 1979 based on the plans of the architect József Finta and the interior designer László Király. The Forum Hotel opened on 28 November 1981, owned by a state-owned company, called HungarHotels. After the nearby Duna Inter-Continental it was the second hotel operated on a franchise agreement. The success was proved by the fact that the credit with interest given for 15 years was returned in the 7th year of operation. In 1994 as the second phase of privatization the Forum Hotel went over into ÁPV RT’s ownership (as a state property) in order to prepare its sale. The tender took place in three phases. The first turn was invalid, at the second one Daewoo won, but after the announ
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