First Mövenpick Hotel opens in Budapest

16
May
2025
News - First Mövenpick Hotel opens in Budapest #Budapest #hotel #Hungary #Jelena Stirna #Mogotel Hotel Group #Vadim Muhin

by Property Forum | Hotel

Mogotel Hotel Group has opened the first Mövenpick-branded hotel in Budapest, marking a significant expansion in the Hungarian capital. 


The newly launched Mövenpick Hotel Budapest Centre is a luxurious six-story Art Nouveau hotel located in the heart of the city.

Previously, Mogotel managed a Novotel hotel at the same location, which underwent extensive renovations.

The rebranding to Mövenpick Hotel Budapest Centre was completed in April 2025. The hotel is situated in the historic Palace Hotel building, originally designed in 1911 by renowned architects Marcell Komor and Dezső Jakab.

“Restoring this historic building and breathing new life into it has been an exciting and rewarding process. We are delighted to welcome guests to a space where historical heritage, modern comfort, and a fresh brand identity are harmoniously combined,” said Jelena Stirna, CEO of Mogotel Hotel Group.

Vadim Muhin, Chairperson of the Council at Mogotel Hotel Group, added: “The opening of this hotel not only expands our presence in Central Europe but also strengthens our position in the premium hospitality segment in Budapest – one of the region’s most important cultural and business hubs.”

The hotel features 227 renovated standard and Deluxe rooms, combining elegance with modern design and Budapest's unique cultural charm. It also offers seven fully equipped conference rooms with a capacity to host up to 300 participants.




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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