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.
Globalworth announced the signing of a lease agreement with B+N Integrated Facility Services, part of the international facility management company LIWO Group, which operates across nine European countries. B+N will occupy approximately 1,500 sqm of office space in Green Court D, Globalworth’s newest development in Bucharest, currently under construction in the Aurel Vlaicu area and scheduled for completion in 2027.
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.
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.
WING Group posted a 41% increase in consolidated revenue and a 23% rise in EBITDA in the first half of 2026 compared with the same period a year earlier. Consolidated revenue reached HUF 130.3 billion, driven primarily by a higher volume of residential development handovers, while EBITDA rose to HUF 19.5 billion from HUF 15.9 billion. Total assets stood at HUF 1,358 billion at the end of June, with nearly 63% of the asset base located in Poland and Germany. Total loans and bond liabilities decreased by HUF 24 billion (3%) against year-end 2025, and financing costs fell by HUF 2.1 billion (10%) year on year.
More than two-thirds of modern retail space in the Czech Republic is over 15 years old, according to Colliers' ExCEEding Borders Retail 2026 report. Across the six major Central and Eastern European countries and the Baltic states combined, approximately 33.3 million sqm of modern retail space exists, of which roughly 20 million sqm, or around two-thirds, is older than 15 years. The Czech Republic's share stands at 69%, placing it among the more mature markets in the region.
P3 Logistic Parks has begun construction of the first warehouse building at its new P3 Gliwice logistics park in Upper Silesia, Poland. The speculative development will offer 39,971 sqm of space, with approximately 1,900 sqm allocated to offices and staff amenities. The park is being built on a 19.2-hectare site acquired by P3 late last year, with scope to expand by a further 58,967 sqm under one roof, bringing the total planned lettable area to nearly 100,000 sqm.
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