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22nd February, 2018

City vows to acquire Rác bath

Budapest intends to fully acquire the Rác bath and hotel in the First District, under a decision approved unanimously by city council on Wednesday.

The Rác bath and adjacent hotel are under receivership.

A Ft 10 billion reconstruction of the complex was completed in 2010 but the facility never opened.

As the buildings have deteriorated over the past eight years, the new owner will probably have to spend a further Ft 5 billion on the complex to open it, HVG estimates.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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