Hilton has reached a franchise agreement with Accent Hotel Management to open Hilton Garden Inn Budapest City Centre. The 214-guestroom hotel is set to become Hilton’s third hotel in Budapest by 2018.
“Hungary continues to be an increasingly popular tourist destination and in 2016 Budapest had one of the highest RevPAR growth rates of any European capital”, said Patrick Fitzgibbon, Senior Vice President of EMEA Development at Hilton. As Hilton’s first focused service property in Hungary, Hilton Garden Inn Budapest City Centre will serve the increasing tourism demand.
Photo: Hilton Garden Inn
Hilton Garden Inn Budapest City Centre will be situated on the eastern side of the Danube River close to the city’s major shopping street, Andrássy Road. The new build hotel will be set across nine storeys, providing views from the top floor over St. Stephen’s Basilica and the Hungarian State Opera House. It will include a full-service restaurant as well as a signature Hilton Garden Inn Pavilion Pantry, which allows guests to purchase items such as snacks and drinks 24/7. The hotel will also include three meeting rooms and a business centre.
“Hilton Garden Inn has a pipeline of more than 40 hotels in addition to the 50 hotels currently operating in Europe. Central Europe continues to be an important growth hub for Hilton, and 2017 promises to be another exciting year with a number of key openings including Hilton Garden Inn Bucharest Old Town”, John Greenleaf, Global Head of Hilton Garden Inn at Hilton, said.
Hilton Garden Inn Budapest City Centre joins Hilton Budapest and Hilton Budapest City as the third Hilton branded hotel in Budapest. It will be located at Lázár utca 11-13., in the 6th district of Budapest.
Just last week, another international brand, W Hotels have announced a new opening on Andrássy Road, scheduled for 2020.
Revetas Capital has secured a new lease agreement in Bonarka for Business (B4B) with EFL, a Polish leasing company. EFL, part of the Credit Agricole Group, will occupy 450 sqm of office space in Building D of the B4B office complex.
Lefties will open a new store spanning 3,000 sqm as part of the extension of Iulius Mall Suceava. Stradivarius will also open a new store in the shopping mall. Both stores, part of the Inditex group, will open in the first half of 2025.
Getinge, a global provider of innovative solutions for medicine, has leased over 1,900 sqm in Kraków-based office complex Enterprise Park. The company will open a shared services centre in the leased offices. The tenant was represented by CBRE in the negotiation process.
New appointments
Carmen Ravon will be the new Head of Retail for CEE at CBRE starting February 1st. With over 17 years in retail real estate, she has worked with top international brands and provided valuable portfolio optimization and leasing advice.
Katarzyna Kopszak-Dziurnikowska, the organisation's former Chief Investment Officer, has joined the board of Apsys Polska. She started work in her new position on 1st of January, 2025.
Małgorzata Głowicka has joined Ceres as Chief Financial Officer responsible for Central and Eastern European markets. The company provides services in the areas of property management, project commercialisation, construction, redevelopment, modernisation and repositioning of properties.
Syrena Real Estate, owner of properties in Warsaw and Wrocław, has signed a Corporate Power Purchase Agreement (cPPA) with Polenergia Sprzedaż, for the supply of green energy in the next four years.
Investment activity is accelerating, especially in Poland and Slovakia, while interest from Asian companies in logistics and manufacturing is increasing across CEE, according to a Colliers report.
CPI Property Group (CPIPG) has signed 198 leasing contracts covering 128,400 sqm of the company’s office space in Warsaw during 2024, which accounted for 18% of the total demand for office space in the city.
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