W Hotels Worldwide to open W Budapest by 2020

18
Jan
2017
News - W Hotels Worldwide to open W Budapest by 2020 #Budapest #hotel #Hungary

by Ákos Budai | Hotel

W Hotels Worldwide, part of Marriott International, announced an agreement with QPR Properties Kft, part of Constellation Hotels Holding Ltd., to debut the W Hotels brand in Hungary with the opening of W Budapest. Located on Andrássy Road, the hotel will be situated directly across from the State Opera House, businesswire.com reports.

W Budapest will be housed in the Drechsler Palace which will be fully renovated. The hotel will feature 162 guest rooms and suites along with offering a restaurant, a destination bar, meeting and event spaces, a spa, a fitness centre and a pool. 
 
Drechsler Palace, which previously was home to the Ballet Institute of Budapest, has been deserted for over 20 years. In 2014 it was purchased by Balett Properties S. A., a company established in Luxembourg and owned by Sheikh Hamad bin Jassim bin Jaber Al Thani of Qatar. A sign put up on the building after the purchase previously advertised that a new 5-star hotel was to operate in the building from 2017. 
 
Photo: MTI / Mohai Balázs

“Budapest has secured a spot as an epicenter of European travel with the convergence of creative communities combined with a thriving economy, making this city the perfect fit for the innovative edge of W Hotels,” said Anthony Ingham, Global Brand Leader at W Hotels Worldwide. “This vibrant city remixes historic tradition with a modern twist – the perfect backdrop to offer guests and locals alike a dynamic scene that shakes up the traditional and embraces the avant-garde.”

W Hotels boasts a worldwide portfolio of 50 properties and is on track to reach 75 hotels by 2020.W Budapest will be the second Central European location of W Hotels Worldwide after the opening of W Belgrade which is scheduled for September 2019.

Budapest hotel Hungary


Latest news


New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


Latest news

News - CTP reports record Q1 leasing activity up 83%
30
Apr
2026

CTP reports record Q1 leasing activity up 83%

by Property Forum
Industrial developer CTP recorded gross rental income of €205.1 million in Q1-2026, up 12.3% year-on-year with like-for-like rental growth of 4.6%. The company's annualised rental income increased to €849.3 million by the end of March 2026.
Read more >
News - Czech investors shift focus to rental housing and hotels
30
Apr
2026

Czech investors shift focus to rental housing and hotels

by Property Forum
The structure of real estate investments in the Czech Republic is changing, with Q1 2026 data confirming the growing importance of rental housing and hotel properties, according to a Knight Frank report.
Read more >
News - Kuehne+Nagel occupies 10,500 sqm facility at Business Park Prague Airport II
29
Apr
2026

Kuehne+Nagel occupies 10,500 sqm facility at Business Park Prague Airport II

by Property Forum
Logistics company Kuehne+Nagel has taken over a completed industrial hall at Business Park Prague Airport II near the Central Bohemian village of Pavlov. The project was developed by Panattoni, with investment group Accolade as the investor.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy