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

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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.