Located 87 km west of Budapest on the shore of Lake Balaton, Europe’s newest FIA Grade A car and motorcycle racetrack is nearing completion. The Balaton Gate Entertainment Resort is a comprehensive entertainment venue, located adjacent to the racetrack, which will offer 7 hotels, casino, conference center, shopping mall, golf course, water park and auto museum (in partnership with the EU and designated EU-based race car manufacturers). The development site is pad-ready with all necessary underground infrastructure completed. Construction of the Balaton Gate Entertainment Resort is scheduled to begin Q2 ’21 and be completed by Q4 ’23.
The Balaton Gate Entertainment Resort will be comprised of approximately 3.4 million square feet of developed property, all of which is fully zoned and planned for construction to begin as scheduled. The partners of the project have financed the costs to date entirely with cash and the project has zero debt.