page_title: Danubius Hotels Group
section_title: History
hierarchical_section_title: Danubius Hotels Group / History
caption_attribution_description: Magyar: A budapesti Astoria Szálló. Épült 1912 és 1914 között Hikisch Rezső és Ágoston Emil tervei alapján English: Hotel Astoria in Budapest by Rezső Hikisch and Emil Ágoston in 1912–14
context_page_description: Danubius Hotels and Spas Group is the largest hotel group in Hungary, with 56 hotels located in Hungary, Great Britain, Czech Republic, Slovakia, and Romania.
context_section_description: Danubius Hotels Group was established by the former Ministry of External Trade in order to create and develop the spa tourism in Hungary . The state-owned company first began managing hotels in April 1972 with the acquisition of the already-operational Grand Hotel Margitsziget and Hotel Helikon in Keszthely. It also was granted the building permit of the Budapest Hilton .
  The company was privatized as Danubius Hotels, PLC, on 31 July 1991, and its stock was listed on the Budapest Stock Exchange in 1992. In 1996, it successfully applied for the 85% of property right of Hungária Szálloda Rt. (HungarHotels) at the State Privatization Company’s (ÁPV Rt.) written contest and 100% property right was gained in 2004.
  The Danubius Hotels Group first began expansions abroad in November 1999, with the purchase of Hotel Villa Butterfly in Marienbad, Czech Republic. One year later, it purchased 65% property right of Léčebné Lázně a.s. (Marienbad, Czech Republic), and as a result, 31 properties, 4 spa centers, and 40 thermal sources came under its ownership. In 2001, the Romanian Public Limited Company, as an interest of Danubius Hotels, gained 82,17% of 1000 hotel rooms and other properties and medicinal facilities located in Sovata, Romania, on a privatization contest. Danubius Hotels acquired its hotels in Slovakia in 2002 with the purchase of 67% of Slovenske Liecebne Kupele a.s. spa complex.
  As of 2004, Danubius became co-operator of the world-famous Gundel Restaurant and connecting businesses (Bagolyvár, Wine Public House, Winery in Mád and Eger) and currently owns two-thirds of Gundel.
  Danubius Hotels Group occupies 124th place on HOTELS Magazine's list of the world's 300 largest hotel operators.
caption: Hotel Astoria
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