The Hungarian National Bank (NBH) purchased the 18th-century Borbely Palace in Tiszaroff in eastern Hungary as a retreat for its employees. The four-star hotel, which includes a 3.2 ha park, a mini golf course, a bowling alley and a swimming pool, was originally listed for HUF 680m, but the bank negotiated and bought the Baroque-style property for HUF 415m, reports the Wall Street Journal. The 42-room Borbely Palace also includes a restaurant, bowling alley, three tennis courts, a spa and a wine cellar that fits 70 people.
“Under its corporate social responsibility strategy, the bank is seeking to support its more than 1,000 employees with fringe benefits, assistance and other welfare services,” the bank was quoted as saying. “In the past decades the National Bank of Hungary directly or indirectly owned some two dozen pieces of real estate, including five to seven that were used for recreation.”
