IHG to open Europe's first Holiday Inn & Suites in Budapest

05
Feb
2024
News - IHG to open Europe's first Holiday Inn & Suites in Budapest #Budapest #hotel #Hungary #IHG Hotels & Resorts

by Property Forum | Hotel

IHG Hotels & Resorts has announced its first Holiday Inn & Suites property in Europe by signing Holiday Inn & Suites Budapest Centrale – part of its Holiday Inn Hotels & Resorts brand. The new hotel will offer 170 rooms and is set to open in late 2026.


Within a new mixed-use development called Centrale, the 170-room property will be situated in the XIV district of Budapest, directly above the Puskas Ferenc Stadion metro station and intermodal transport hub. The area is renowned as Budapest’s main sports, entertainment and cultural hub. The country’s national football stadium – the Puskas Arena – and the Papp Laszlo events hall will directly neighbour IHG’s new facility, with the HUNGEXPO Budapest Congress and Exhibition Centre and City Park museum district nearby.

Facilities at the hotel will include 25 long-stay suites – each complete with kitchenettes, dining area and sofa beds to cater to the needs of mid-to-long term staying guests as well as families – open lobby, restaurant, lobby bar, meeting room and fitness centre. Holiday Inn & Suites Budapest Centrale will be complete with key brand hallmarks including Kids Stay and Eat Free. 

IHG is collaborating with two partners on this project – developer Chain Bridge Ventures Kft. and lease operator Mogotel Hotel Group.




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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