CPI Property Group develops two hotels in Budapest

04
Dec
2019
News - CPI Property Group develops two hotels in Budapest #Budapest #CPI #development #hotel #Hungary

by Property Forum | Hotel

With the checkout of the last guest on 4 November 2019 a new era has started in the story of the downtown building which in the past 20 years was known as the four-star Starlight Suiten Hotel Budapest. The new Mamaison Hotel will open its gates expectedly in mid-summer 2020. CPIPG also announced plans for a brand new 3-star property (located between the ex-Starlight and the Four Seasons Gresham Palace.


Before the start of the complete refurbishment works the team of CPI Hotels Hungary (the management company operating the Startlight and the Mamaison Hotel Andrássy and Mamaison Residence Izabella in Budapest) invited their key partner for an irregular party. After saying thank you to the partners for the cooperation in the past years the management invited the guests to do the first bits of demolition works with smaller and bigger hammers and use their imagination about the future decoration with the guidance of a real graffiti artist. The guests were also asked to find the long-lost keys of the building which at a later point of the event was handed over to the representatives of EBH Invest who won the construction tender.

The event’s purpose was to connect the past of the hotel with its bright future envisioned by the internationally acknowledged designer team of Varrodesign, led by Zoltán Varro the talented interior designer. During the event, another new hotel opening of CPIPG was announced: parallel with the constructions on the ex-Starlight building the same construction team will work on the birth of a brand new 3-star property (located between the ex-Starlight and the Four Seasons Gresham Palace.) and also based on the interior design the team of Zoltán Varró.

From Starlight to Mamaison

The new Mamaison Hotel will open its gates expectedly in mid-summer 2020. The new hotel will feature a new and more remarkable entrance, better common areas (seated reception, breakfast area combined with a lobby bar with the possibility to extend to a street terrace) and a 200 sqm high-class spa including a 15 m pool, saunas and fitness area.

The focus during the planning of the rooms was on maximizing comfort and functionality enabled by the surprisingly large room sizes (from 36-95 sqm).

The hotel will be managed according to the 4-star Superior category criteria by CPI Hotels (CPI PG’s hotel branch) under the Mamaison Hotels & Residences brand. The name of the hotel will officially be announced at a later stage.

M4 project

Besides the concept of the new Mamaison Hotel the management company has also introduced a brand-new project to be opened by January 2021.  Also based on the visions of the Varrodesign team, CPI PG has commissioned EBH Invest (the same company as in case of the new Mamaison) to covert the neighbouring building (1054 Budapest Mérleg str. 4) from a regular office to a 99 bedroomed 3-star Superior hotel.

The hotel will be managed by CPI Hotels (CPI PG’s hotel branch) under the Choice Hotel’s Comfort brand.  The name of the hotel will officially be announced at a later stage.

As a filial of CPI Hotels a.s. CPI Hotels Hungary Kft. is operating the Mamaison Hotels and Residences in Budapest. (Mamaison Hotel Andrássy, Mamaison Residence Izabella, New Mamaison Hotel to be opened in 2020 and New Comfort Hotel by Choice to be opened in 2021)




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.

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