1 April 1972
Danubius Hotel and Spa Co. is established by the Ministry of Domestic Trade, which has reassigned Grand Hotel Margitsziget (Budapest), Hotel Helikon (Keszthely), and transferred the construction license to Danubius to build Budapest Hilton
1974
Danubius Travels travel agencies are created
March 1976
Thermal Hotel Hévíz opens
January 1977
Budapest Hilton opens
March 1979
Thermal Hotel Margitsziget opens
1981
Hotel Gellért is transferred to Danubius Hotels
April 1981
Budapest Gambling Casino opens, owned jointly with Casinos Austria
1982
Danubius Buchungszentrale Linz is established
June 1984
Thermal Hotel Aqua opens Gambling Casino at Héviz opens, owned jointly with Casinos Austria
July 1985
Thermal Hotel Sárvár opens
September 1985
Hungarian Hotels Sales Office Rt. is established and its office opens in Los Angeles
1986-1989
A chain of Danubius Beta Hotels is established by including hotels in Esztergom, Keszthely /Hullám,Phoenix/, Bük /Kastély,Ablánc/, Kalocsa, Debrecen, Hajdúszoboszló
March 1986
Thermal and Sport Hotel Bük opens
1987
A sports center opens in Hotel Helikon Keszthely featuring an indoor surgeproof swimming pool,a bowling alley, massage rooms, an indoor tennis court, sauna, solarium, and a club-house for tennis players
June 1987
Grand Hotel Margitsziget reopens as Ramada Grand Hotel Budapest after reconstruction
March 1989
Gambling Casino in Sopron opens, owned jointly with Casinos Austria
May 1989
Schönbrunn, a gambling casino on a boat opens, owned jointly with Casinos Austria
September 1990
Thermal Hotel Helia opens, a hotel built by a public limited company with Finnish shareholders
May 1991
Thermal Hotel Aquincum opens, owned by a Hungarian - Swiss J. V.
July 1991
Part of the Birdland,Golf & Country Club Bük opens, facilities built by limited liability company with Swedish quotaholders
31 July 1991
Danubius is transformed into a company limited by shares with a new name Danubius Hotels Rt.
April 1992
Szerencsejáték Rt. buys Danubius quota in Casinos Hungary Ltd.
July 1992
A vegetarian restaurant opens in Thermal Hotel Aqua (Héviz)
September 1992
A congress room opens at Hotel Helikon (Keszthely)
21 October 1992
The Board of Directors of the SPA (State Property Agency) resolves to make a public offering of the shares of Danubius
2-7 December 1992
10,492 Hungarian citizens buy shares in Danubius at a nominal value of 2.3 billion forints in a public offering
23 December 1992
The shares of the company are introduced to the Budapest Stock Exchange as listed shares
31 December 1992
The SPA buys Danubius quota in Thermal Hotel Aquincum
April 1993
Beta Hotels are transformed into an Ltd. owned 100% by Danubius Hotels
December 1993
Reservations office opens in Stuttgart (Germany) by Danubius Hotels
28 January 1994
American Mutual Funds buy shares in Danubius at a nominal value of 2.38 billion forints on the Budapest Stock Exchange
May 1994
11.500 Hungarian citizens change their compensation coupons for Danubius shares at a value of 560 millions forint
February 1996
Danubius buys 60% interest in Thermal Hotel Helia
June 1996
Danubius pays back the compensation fee to the State Property Agency, received in 1992, and becomes the legal owner of Hotel Gellért
August 1996
Danubius succesfully acquires 85% of the HungarHotels Rt. advertised by the State Property Agency, representing a nominal value of 4.675 billion HUF
January 1997
Danubius pays the purchasing price to the ÁPV Rt. (SPA) for the 85% interest in the HungarHotels Rt.
August 1997
Danubius buys 26% interest in Thermal Hotel Helia
September 1997
Danubius buys 14,76% interest in HungarHotels
October 1997
Danubius buys the Danube Travel (travel agency) in London
November 1998
Danubius buys 0,06% interest in Thermal Hotel Helia and becomes its 100% owner
1 January 1999
Danubius reorganizes its structure. Danubius Hotels Rt. itself becomes a holding company and operates a Property Company (Hungaria Hotel and Property Rt.) and a Management Company (Danubius Hotel Management and Service Rt.)
12 November 1999
Danubius Hotels Rt. buys 100% interest in Gama 45, owner of Hotel Villa Butterfly in Mariánské Lázne (Marienbad, Czech Republic) for 3.6 million USD
April 2000
Danubius buys 65% interest in Lecebne Lázné a.s. (Marienbad, Czech Republic) for 15.5 million USD, with 30 properties, 4 spa houses and 40 thermal springs
June 2000
Danubius Group's interest purchases 51% interest in Preventiv Security Rt. for 30.6 million HUF. The company is responsible for the security services of the hotels
December 2000
Danubius buys further interest in Lecebne Lázné a.s. from the Czech Privatisation Fund and certain small shareholders. Consequently, the interest of Danubius in Lecebne Lázné increases to 90.06%
2001
Danube Travel (travel agency based in London) is liquidated
April 2001
Danubius buys further interest in Lecebne Lázné a.s. from the local government. With this purchase the interest rate increases to 95.36%.
September 2001
Salina Invest Rt. registered in Romania, in which Danubuis has a proprietary ratio of 20%, wins the 82.17% ownership right of approximately 1000 hotel capacity, other properties and health establishments in Sovata, Romania at a privatisation tender.
5 September 2001
Grand opening of Thermal Hotel Margitsziget after extending and refurbishing with an expenditure of HUF 4 billion. During the eight-month-long reconstruction two levels, 64 rooms were added to the hotel altogether, two executive levels were built, and the whole inner area was renovated
1 January 2002
Restructuring of the company. The former 11 Budapest individual operations of Danubius merges into 3 units, while the 5 country operations joins into 2 regional units, with a consequent reduction of administrative staff
May 2002
The contract about purchasing 67% stake in the company Slovenske Liecebne Kupele a.s. located in Piestany has been signed and approved by the Slovakian Antimonoply Office and the purchase price is paid
July 2002
Registering the USD 4.1 million capital increase in Salina Invest Rt. which was the part of the USD 5 million obligation undertaken in the privatisation contract due this year. As a result the stake of Danubius in Salina Invest Rt. (which has a 93.98% ownership in SC Balneoclimaterica s.a.) increases to 49.5%
August 2002
Subsidiary of Danubius purchases a further 2.84% interest in Slovenské Liecebné Kúpele Piestany a.s. for HUF 190 million. The seller is the Restitution Fund.
September 2002
Purchase of further 17.82% interest in Slovenské Liecebné Kúpele Piestany a.s. The seller is the Slovakian National Property Fund. The stake of Danubius increases to 87.66%.
September 2002
Sale of Hotel Eger-Park.
December 2002
The stake of Danubius in Salina Invest Rt. increases to 56.52%,
and in Preventív Security Rt. it decreases to 32.75% (so this company is no longer among the companies consolidated).
June 2003
Completion of the overall reconstruction of Hotel Sovata (Romania) in the framework of which all the rooms and common areas were refurbished and it boasts a renewed therapy section to the tune of USD 6 million.
March 2004
Danubius Hotels Rt. bought the shares of the minority owners of Hungária Szálloda-Ingatlankezelő Rt. (Property Co.). Therefore its former 99.99% ownership increased to 100%.
July 2004
Danubius Hotels Rt. became partner of LL Partners, LP in the world-renowned Gundel Restaurant and its related businesses (Bagolyvár, winery, wine cellars in Mád and Eger as well as trading of items with Gundel trademark).
As a first step Danubius acquired 49% of the business and, as a second step, application will be made to the Competition Office for approval for Danubius then to increase its stake by a further 17.6%.
September 2004
The Competition Office approved the deal, so Danubius has become 66.6% owner of Gundel Restaurant and its related businesses.
September 2004
Property Management Co. was merged into Danubius Hotel Management Co. (100% subsidiary of Danubius Hotels Rt.). In the future Danubius Hotel Management Co. will manage the properties and operate the hotels.
October 2004
Danubius bought a further 0.55% stake in Slovenské Liecebné Kúpele Piestany a.s. Its ownership increased to 88.21%.
October 4, 2004
The former printed shares of Danubius Hotels Rt. were turned into dematerialized shares.
August, 2005
Danubius acquired 25% of the company CP Regents Park Two Limited, which owns and operates the 376-room Danubius Hotel Regents Park.
(See details in the announcement published on 12 August 2005)
October, 2005
Danubius Beta Hotels Service Ltd. joins Danubius Hotel Management Co. Ltd. by way of merger. Following the transformation, Danubius Hotel Management Co. will pusue the former activities of Beta as general legal successor.
November, 2005
Danubius Hotel Operation and Services Private Co. Ltd. purchased a further 1.75% stake in Slovenské Liecebné Kúpele Piestany a.s. from the Smrdaky Local Government, so the share of Danubius Group in the Slovakian subsidiary increased to 89.96%.
December, 2005
Danubius Hotel Operation and Services Private Co. Ltd. purchased a further 45.85% stake in Preventív-Security Zrt., so the share of Danubius Group in the company increased to 78.60%.
July, 2006
According to the new stategy of the Group, different brands were set up:
- Danubius Health Spa Resort: for the health-spa hotels
- Danubius Hotels: for the high quality city hotels
while other hotels are listed under the category of “Member of Danubius Hotels Group”.
October, 2006
In the course of the public purchase offer made for the shares of Danubius Hotels Nyrt. by its main owners (CP Holdings Ltd., Israel Tractors and Equipment Co. Ltd. and Interag Holding Zrt.) on a price of HUF 5825 per share, the bidders have become owners of 448 pieces of shares, meaning a 0.0054% increase in their stake. As a consequence, the above mentioned three companies have 53.4% control of the Group.
December, 2006
The first Slovakian 5-star hotel of the Group, Thermia Palace was opened in Piestany after its full reconstruction.
May, 2007
The main owner of Danubius Hotels Nyrt., CP Holdings Ltd. acquired further shares after the public purchase offer made in 2006. According to the announcement made on 17 May 2007, CP Holdings Ltd., Israel Tractors and Equipment Co. Ltd. and Interag Holding Zrt. had a combined direct interest of 75.14% in Danubius Hotels Nyrt.
June, 2007
Danubius Hotels Nyrt. acquired the 43.51% share packet of Corvinus Zrt. held in SC Salina Invest SA by meeting its obligation for an option right contract concluded earlier with Corvinus Zrt.
Following the transaction the ownership of Danubius Hotels Nyrt in SC Salina Invest SA increased to 99.94%. |
