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.
Transport company ECSI SPEDYCJA has leased 3,330 sqm of warehouse and office space at 7R City Flex Kraków Airport. The tenant was advised by real estate advisory firm Newmark Polska on the choice of location and during lease negotiations.
MLP Group has signed a new long-term lease agreement at the MLP Bucharest West logistics center. The deal was signed with a local logistics operator that has leased 5,200 sqm of space for warehouse purposes, along with an additional 70 sqm for modern office use. The lease negotiation process was supported by City Logistics.
After 20 years, the Bratislava branch of the Kinstellar law firm has a new headquarters, an office building at Pribinova 34 by JTRE. In the Eurovea City waterfront district, it has furnished modern premises on over 1,300 sqm, including a private terrace.
New appointments
Former Taylor Wessing Counsel and Head of Real Estate Peter Malovec has joined CTP Slovakia as its new Head of Legal.
Matexi Polska is strengthening its management structure. Jesika Mackiewicz has joined the management boards of companies implementing residential projects in Warsaw. This manager, with over 10 years of experience in the real estate industry, will support Matexi Polska's continued growth in the capital market.
Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
In Q2 2025, the slowdown of the Slovak industrial real estate market has continued. Developers are facing several challenges, according to the Industrial Research Forum (IRF) overview of the logistics and industrial real estate market in Slovakia.
More than 417,000 sqm of industrial space were leased in H1 2025, marking an over 20% increase compared to the same period in 2024, according to Colliers data.
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