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.
A 200-square-metre Office Shoes store offering branded women's, men's, and children's footwear has opened in the Forum Gdańsk shopping centre. This is the chain's first shop in Gdańsk.
IWG has leased 906 sqm for a new Regus space in VOX Technology Park in Timișoara.
Auchan will open a new 7,000 sqm hypermarket at the end of next year in Sun Plaza, the shopping mall owned by CPI Romania. This move is part of a broader strategy to reposition Sun Plaza, which will undergo a phased modernization process starting in June. The space was previously leased by Carrefour.
New appointments
CBRE Romania has announced the promotion of Ramona Hîrnea to the role of Head of Investor Retail Leasing for its national operations. With over 22 years of experience in commercial space leasing, Ramona brings a comprehensive perspective on the retail market, gained both from her position as a consultant for property owners and as a representative of tenants.
Marcin Janik has taken up the position of head of the southern Poland region at CBRE. He will be responsible for Silesia, Małopolska and the previously serviced Wrocław.
GTC Group has appointed Miklos Egri as Chief Operating Officer. The new manager will be responsible for the company's day-to-day operational and administrative management in the Central and Eastern European markets.
European commercial real estate investment volumes are forecast to grow by 13% in 2025, but Central and Eastern Europe (CEE) is expected to outperform this average, with a projected 32% year-on-year increase, reports Savills.
The Czech retail has been performing well, shows Shopping Centre Index from CBRE monitoring the the last year. The positive trend has been significantly contributed by the growth of real wages supporting higher customer confidence together with the low level of inflation.
Public real estate fund Meta Estate Trust has announced new investments of approximately €4 million in Bucharest's residential sector. The investments, made within the company’s trading business line, encompass four residential projects in two key areas of the city.
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