IHG Hotels & Resorts and Wing, a leading Hungarian property development and investment company have announced the signing of Hotel Indigo Budapest Andrassy and Holiday Inn Express Vagohid. Signed at the real estate trade fair Expo Real 2023, both properties mark brand debuts to Hungary, demonstrating investment and growth in the premium and essentials hotel segments.
Situated in District 6, Hotel Indigo Budapest Andrassy will open in the second quarter of 2028, with 103 guest rooms, a bar and a restaurant. Holiday Inn Express Vagohid is set to open in early 2027 in District 9, with 162 guest rooms.
Noah Steinberg, the Chairman and CEO of Wing said: “Our hotel portfolio has grown significantly in recent years, and several top international hotel brands have chosen our developments. With the signing of Hotel Indigo Budapest Andrassy and Holiday Inn Express Budapest Vagohid, Wing will join an elite club of real estate developers that have completed at least 1,000 hotel rooms. Diversifying our hotel developments both in terms of location and brands is an important part of our strategy.”
These hotels follow the signing of Kimpton Budapest and the opening of Crowne Plaza Budapest in 2021. IHG Hotels & Resorts currently has four hotels in Hungary, operating under the InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts and Holiday Inn Hotels & Resorts brands, with an additional three hotels in the pipeline.
