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Schoenherr and Szabo, Kelemen & Partners Andersen Advise on BGK's EUR 40 Million Financing for Puro Hotel in Budapest

Hungary
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Schoenherr has advised Bank Gospodarstwa Krajowego on a EUR 40 million financing agreement for the development and long-term investment of a Puro Hotel in Budapest. Szabo, Kelemen & Partners Andersen advised Puro.

BGK is Poland's state development bank. It supports Poland's sustainable social and economic development and plays a role in financing exports and the foreign expansion of Polish companies.

According to Schoenherr, this marks the Puro brand's first venture outside of Poland, with the hotel scheduled to open in mid-2026. The financing provided by BGK will enable the expansion of the Puro hotel chain into the Hungarian market.

The Schoenherr team in Poland included Partner Ilona Fedurek, Senior Attorney at Law Piotr Bartos, Attorney at Law Aleksandra Kulik, and Associates Gabriela Chrzanowska and Filip Grabowski while the team in Hungary included Partners Laszlo Krupl and Gabor Pazsitka, Attorney at Law Lilla Szepsi Szucs, and Associates Balint Bodo, Viktoria Magyar, and Nora Lilla Szilvasi.

The Szabo, Kelemen & Partners Andersen team included Partners Eva Balsay, Levente Kalman, and Zoltan Modos.

Szabo Kelemen & Partners Andersen Attorneys at a Glance

Szabo Kelemen & Partners Andersen Attorneys, a distinguished law firm, has a rich and dynamic history that can be traced back to its establishment in 1996. The firm was founded by a group of visionary partners, who had previously served in the Budapest legal department of a prominent global consulting firm.

In 2014, another law firm specialized and experienced in the areas of banking and finance joined the practice. At present, more than 30 lawyers attend to the clients’ needs.

In 2019, our firm embarked on a collaboration with Andersen in Hungary, eventually becoming a full member of this partnership as of January 1, 2020. This strategic move further solidified our position in the Hungarian legal landscape.

Our impressive client base consists of multinationals, as well as large and medium-sized Hungarian companies.  The firm's core competencies encompass a wide spectrum of legal fields, including corporate and commercial law, banking and finance, litigation, real estate, and industry-specific advisory services.

Andersen in Hungary serves over 600 clients across various industries. With a team of more than 100 tax professionals and lawyers, Andersen in Hungary has swiftly become the fifth-largest tax and legal practice in Hungary.

At the heart of our mission lies the commitment to providing integrated solutions to clients, adhering to the most exacting standards. The firm's dedication to excellence and its track record of success have led to its establishment as a leading player in the Hungarian legal domain.

Firm's website.