Mandarin Oriental Group to open luxury hotel in Budapest

21
Dec
2023
News - Mandarin Oriental Group to open luxury hotel in Budapest #gellért #Hotel #Hungary #renovation

by Property Forum | Hotel

Mandarin Oriental Hotel Group has announced a new luxury hotel opening, following the renovation and rebranding of the former Gellért Hotel in Budapest. The renamed Mandarin Oriental Gellert Budapest is expected to open in 2027 with a focus on wellness.


The property, which is owned by BDPST Group, first opened in 1918 as one of the Hungarian capital’s most iconic purpose-built grand hotels, located on the Buda side of the city and just a short walk to the Liberty Bridge.

London-based interior design studio, Alexander Waterworth, will oversee the transformation of the 143 guestrooms and suites, wellness areas and public spaces. The hotel will offer a Fitness and Movement Studio as well as an indoor pool on the top floor, positioned under a retractable glass ceiling with a vitality tub, sauna, cold plunge pool and outdoor relaxation area. It adjoins a rooftop bar with panoramic views of the Pest side of the city and the Danube River. 

A patisserie and café will serve as a gathering spot for both locals and visitors, while a restored Art Nouveau ballroom will become a venue for events.




Latest news


New leases

  • HS Hydro & Spa has leased space at Logicor Bucharest III Pallady, in a deal brokered by iO Partners.
  • Piața 9 will open its first Bakery P9 location in Bucharest, on a 200 sqm area located on the ground floor of Victoria Center office building. The deal was brokered by Colliers.
  • A new KIKO MILANO store has opened at the Nový Smíchov shopping centre in Prague, as part of a lease transaction brokered by Cushman & Wakefield.

New appointments

  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.


Latest news

News - Windar Renovables expands with wind turbine facility at CTPark Legnica
17
Mar
2026

Windar Renovables expands with wind turbine facility at CTPark Legnica

by Property Forum
Industrial developer CTP has leased 29,000 sqm of industrial space plus 41,000 sqm of outdoor storage to Windar Renovables at CTPark Legnica in southwest Poland. The Spanish renewable energy company will build its second wind turbine tower manufacturing facility in the country.
Read more >
News - MLP Group achieves record leasing in 2025
17
Mar
2026

MLP Group achieves record leasing in 2025

by Property Forum
MLP Group reported in 2025 revenues of €99.2 million (+15% year-on-year) and net profit of €108.3 million (+25% year-on-year), while achieving a record 370,941 sqm of new and renewed lease agreements. 
Read more >
News - Warsaw industrial pipeline holds commanding market share in 2026
16
Mar
2026

Warsaw industrial pipeline holds commanding market share in 2026

by Property Forum
Warsaw has emerged as the primary hub for industrial projects, accounting for 36% of all industrial and logistics space currently in the pipeline, according to a report by BNP Paribas Real Estate.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy