Deutsche Hospitality opens new hotel in Budapest

04
May
2021
News - Deutsche Hospitality opens new hotel in Budapest #B&L Group #Budapest #Deutsche Hospitality #hotel #Hungary #opening

by Property Forum | Hotel

Deutsche Hospitality has opened its first IntercityHotel in Budapest. The 312-room hotel, realised by the Hamburg-based B&L Group, will be Deutsche Hospitality's first property in Hungary. Located right next to Keleti Railway Station, it will also feature resplendent latest generation IntercityHotel interior design by the Milan-based architect Matteo Thun.


The Green Meeting Concept will ensure that the ecological footprint of the hotel is reduced to a minimum. The CO2 impact of conferences and meetings held will be fully offset. 312 rooms will offer guests free fast Wi-Fi, coffee and tea making facilities, satellite TV, air conditioning, a desk, a safe and a fridge. The new hotel will also include a restaurant, a BistroLounge & Bar and a conference area. The latter is able to accommodate up to 200 persons and consists of five separate rooms, some of which can be combined.

“Budapest is an ideal metropolis for us as we seek to gain a foothold in the Hungarian market,” said Christian Kaschner, Senior Vice President at IntercityHotel. “This is a lively and diverse city. Its mix of business and leisure travellers is a perfect match for our brand IntercityHotel. We would like to thank our partners, in particular the B&L Group, for their excellent collaboration once again. We are delighted that we have now established a presence in Hungary.”

The B&L Group operates from Hamburg. It is the owner of the building and is acting as the contractual partner of the IntercityHotel Budapest. B&L can look back on a history of cooperation with IntercityHotel GmbH which stretches back for many years. “We are proud to be able to continue a series of successful hotel property developments for Deutsche Hospitality by launching into a new European capital,” said B&L Group’s Managing Partner Thorsten Testorp. “This is our ninth IntercityHotel. Our interaction with local stakeholders, including every aspect from planning to actual construction, has been entirely cooperative and smooth throughout.”




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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