A new 4-star hotel has opened on Lake Balaton in Siófok, Hungary. Hotel Yacht is now offering 70 rooms and is able to accommodate up to 250 guests, providing wellness as well as therapeutic services. The hotel required an investment of HUF 1.4bn investment, which included a HUF 1bn European Union grant. Hotel Yacht is an important addition to the economic growth in Hungary and is expected to provide more than 40 new jobs.