Hilton has reached a franchise agreement with Accent Hotel Management to open Hilton Garden Inn Budapest City Centre. The 214-guestroom hotel is set to become Hilton’s third hotel in Budapest by 2018.
“Hungary continues to be an increasingly popular tourist destination and in 2016 Budapest had one of the highest RevPAR growth rates of any European capital”, said Patrick Fitzgibbon, Senior Vice President of EMEA Development at Hilton. As Hilton’s first focused service property in Hungary, Hilton Garden Inn Budapest City Centre will serve the increasing tourism demand.
Photo: Hilton Garden Inn
Hilton Garden Inn Budapest City Centre will be situated on the eastern side of the Danube River close to the city’s major shopping street, Andrássy Road. The new build hotel will be set across nine storeys, providing views from the top floor over St. Stephen’s Basilica and the Hungarian State Opera House. It will include a full-service restaurant as well as a signature Hilton Garden Inn Pavilion Pantry, which allows guests to purchase items such as snacks and drinks 24/7. The hotel will also include three meeting rooms and a business centre.
“Hilton Garden Inn has a pipeline of more than 40 hotels in addition to the 50 hotels currently operating in Europe. Central Europe continues to be an important growth hub for Hilton, and 2017 promises to be another exciting year with a number of key openings including Hilton Garden Inn Bucharest Old Town”, John Greenleaf, Global Head of Hilton Garden Inn at Hilton, said.
Hilton Garden Inn Budapest City Centre joins Hilton Budapest and Hilton Budapest City as the third Hilton branded hotel in Budapest. It will be located at Lázár utca 11-13., in the 6th district of Budapest.
Just last week, another international brand, W Hotels have announced a new opening on Andrássy Road, scheduled for 2020.
The EYEmova ophthalmology and training center has joined the tenant roster at Soho by Yareal in Warsaw’s Kamionek district, occupying over 500 sqm. The opening of the EYEmova center in Praga-Południe is scheduled for June this year.
RPHI Romania secured approximately 9,000 sqm of premium lease agreements in 2025 at Bucharest-based SkyTower. The transactions comprised both new tenancies and expansions from existing occupiers. The tower attracted six new tenants across diverse sectors, including food delivery, insurance management, and cybersecurity.
EPP's Galeria Sudecka in Jelenia Góra is strengthening its offering with lifestyle and service brands, including a newly opened Fit Style gym, the addition of Rituals Cosmetics and Kodano Optyk, and the expansion of Medicine and Wakacje.pl. The new agreements and renewals in Galeria Sudecka cover almost 1,900 sqm of commercial space.
New appointments
Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.
Axi Immo has expanded its Office Agency team to strengthen its presence in southern Poland and Warsaw. Karolina Słysz joins as Head of Regional Markets, bringing 10 years of experience to lead efforts in Katowice, Kraków, and Wrocław. Elżbieta Golik has been appointed Associate Director, leveraging over eight years of expertise in tenant representation. In Warsaw, Filip Kowalski joins as Associate Director, focusing on lease negotiations. Additionally, Anna Piłka-Sutkowska has been promoted to Advisor following four years with the firm. To support these transitions, Natalia Majsterek has been hired as Office Department Coordinator.
The number of unoccupied homes in Bucharest has grown 2.4 times over 10 years to over 218,000 units, according to a Storia analysis of Romania's 2011 and 2021 census data. Nationwide, over 2.5 million homes remain unoccupied, representing a quarter of Romania's total housing stock.
In a video interview recorded at CEE Property Forum 2025 in Vienna, Pál Forgács, Managing Director of the Emonika project in Ljubljana, discusses leasing expectations for 2026 and explains why Slovenia’s largest-ever development had to be designed as a mixed-use scheme.
Qualified investor fund Realia Fund Sicav has completed the acquisition of a new retail park in Kralupy nad Vltavou – Kozomín, which is the largest property the fund has added to its portfolio.
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