I can really recommend the 'Hotel Ventura', a *** - hotel a few tramstops away from the centre of town, with good prizes and service offers. The rooms and the hotel look o.k. and the restaurant's not bad either...
Directions: Hotel Ventura, 11th district, Fehervari vt. 179, Tel.: +36-1-208-1231, near tramstop 'Deak ter'
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Address: Fehervari ut 179, Budapest, 1119, Hungary