Marriott to open first Moxy hotel in Budapest

05
May
2023
News - Marriott to open first Moxy hotel in Budapest #Budapest #hotel #Hungary #Marriott

by Property Forum | Hotel

Marriott International has signed an agreement with Forestay Group to debut the Moxy Hotels brand in Budapest. Construction is predicted to begin this autumn, with the opening expected in 2025.


Moxy Budapest Downtown is expected to offer 280 guestrooms. The design is set to include buzzing public social spaces, featuring an industrial chic look combined with bold programming, inspired by the hotel’s locale and communal tables offering plenty of opportunities to plug and play and embrace today’s young-at-heart traveller. Plans call for a stylish lobby with various hangout spaces, and a bar that also acts as check-in and grab-and-go food options. 

Situated in the heart of downtown Budapest, the new build hotel will sit ideally on Kazinczy Street, at the centre of the bustling nightlife and entertainment district. Several cultural attractions are within a short walking distance, including the Opera House, St. Stephen’s Basilica and Gozsdu Passage. 

“From the very beginning when we purchased the site, we had the idea that a Moxy brand would be the ideal fit for this location because it perfectly matches the DNA of the 7th district neighbourhood of Budapest. The area is globally known to be the centre of tourism, gastronomy, entertainment, and culture in the Hungarian capital” said Bálint Botos, Managing Partner of the developer Forestay Group.

“I believe Moxy Budapest Downtown will mesh well with the urban vibe of the area and will be a great addition to the hotel market. I feel such a concept is currently missing from Budapest“ said Péter Németh, Managing Partner of Forestay. 




Latest news


New leases

  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
  • GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.
  • Lighting solutions provider Luxiona has secured 430 sqm of office space at the Warsaw-based Greenwings Offices complex. The site will serve as the company's Polish HQ and a dedicated showroom for its lighting range. Axi Immo represented the tenant in the transaction.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


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