Airport hotel development starts in Budapest

07
Sep
2016
News - Airport hotel development starts in Budapest #airport #Budapest #Budapest Airport #development #hotel #Hungary #WING

by Ákos Budai | Hotel

The time capsule of the first hotel in Hungary with direct terminal access was placed at Ferenc Liszt International Airport this week. The 145-room ibis Styles Budapest Airport Hotel featuring conference facilities is scheduled for completion in 18 months.


The hotel, to be developed in the cooperation of Budapest Airport and WING, will be erected on the site of the external car park in front of Terminal 2. Grading works and the installation of the required infrastructure have been commenced by Budapest Airport several months ago and construction works of the hotel building itself were also started over the last few days by the contractor, Market Építő. The developers will hand over the hotel to the Ibis Style hotel chain, a member of the Accor Group, for operation. 
 
According to plans, the 5200-square-meter five-storey hotel featuring an atrium will offer 145 rooms reflecting the airport vibe and the trends of contemporary interior design, and several conference rooms will also be available for organizers of business conferences. The 350-square-meter conference section which can be divided into two separate rooms can accommodate 120 persons, and will also offer smaller seminar rooms and a separate meeting room for business travellers. The new hotel will be directly connected with Terminal 2 via a covered walkway.

The F&B unit of the Ibis Styles Budapest Airport Hotel comprises a restaurant with 100 seats and a lobby bar. The restaurant and the bar will be capable of catering to the needs of hotel guests as well as external guests – transfer passengers – from the airport who would like to use the restaurant or the bar of the hotel between two flights. 
 
“With the new airport hotel we continue to enhance the profile of Budapest Airport and strengthen our competitiveness in the region. The record two-digit growth of the last few years which also continues this year makes the timely implementation of this hotel project even more crucial,” underlined Jost Lammers, the CEO of Budapest Airport. “The construction of the new hotel is an organic part of our 50-billion-HUF airport development program called BUD 2020. Among the guests of the hotel we will find business people, participants of conferences, and tourists on weekend city breaks as well as crews of aircraft spending the night in Budapest.

“The new hotel will be one of the first impressions of foreigners arriving in Hungary. It has a key role for tourists and business travellers as well as passengers departing from Hungary”, added Noah Steinberg, CEO of WING.



New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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