Moxy Budapest Downtown opens as first Hungarian location

15
May
2026
News - Moxy Budapest Downtown opens as first Hungarian location #Budapest #Forestay Group #Hotel #Hungary #Marriott International #Moxy

by Property Forum | Hotel

Moxy Budapest Downtown has opened its doors in central Budapest, marking the debut of Marriott International's lifestyle brand in Hungary. The hotel is located on Kazinczy Street in one of Budapest's cultural districts.


The 281-room hotel occupies a former ballet institute site in Budapest's historic Jewish quarter, now a creative and cultural hub. The design concept by Austrian BWM designers & architects reflects the location's past through ballet and movement themes, while incorporating references to Empress Elisabeth (Sissi). The lobby features a large graffiti artwork by Áron Hidvégi, connecting Budapest's historical character with contemporary creative energy.

Following the Moxy Hotels concept, guests check in at the Bar Moxy bar counter with a welcome cocktail. The hotel includes modern rooms with functional design, a 24/7 fitness centre, and two meeting spaces. The rooftop cocktail bar, Saddle & Sky Budapest, draws inspiration from Sissi's passion for horse riding and will be complemented by future street-level dining concepts.

The project was developed by Hungarian-founded Forestay Group, contributing to the urban renewal of Kazinczy Street and its surroundings. The development aimed to create a mixed-use urban environment combining hospitality, dining, culture and community spaces. The hotel achieved Breeam Excellent certification, featuring energy-efficient building systems, solar panels, and more than 80 electric car charging stations.

 




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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