Mogotel Development Holding, in cooperation with Mogotel, operates hotels in different countries of Europe. Hotels are operated under various hotel brand franchises.
Mogotel is leading hotel operator in the Baltics with experience in growing profits and managing accommodation properties of different sizes and target markets since 2002 with stable growth of key indicators: turnover and profit, total rooms & hotels in operation, positive feedbacks from our partners & guests.
Backed by Altum's financial support through equity investment and loans, this initiative aims to adapt Mogotel to new market conditions, implementing a dynamic business model for further development and global expansion.
The collaboration focuses on identifying and managing several hospitality projects throughout the European Union, effectively combining Mogotel's extensive operational experience with Altum's strategic financial support.
In 1911, the Palace Hotel, now Novotel Budapest Centrum, set a new standard for luxury and innovation. Designed by architects Marcell Komor and Dezső Jakab, it captivated with its opulent Secessionist motifs and modern services like in-room water, a unique "telephone message sender system," and an elevator. Post-World War II, it became a political headquarters. However, after a resurgence in 2002, the hotel, reborn as Novotel Budapest Centrum, retained its historical charm by preserving the original interior of its restaurant. Today, it stands as a seamless fusion of timeless elegance and modern comfort, inviting guests to experience a piece of history.