W Hotels Worldwide to open W Budapest by 2020

18
Jan
2017
News - W Hotels Worldwide to open W Budapest by 2020 #Budapest #hotel #Hungary

by Ákos Budai | Hotel

W Hotels Worldwide, part of Marriott International, announced an agreement with QPR Properties Kft, part of Constellation Hotels Holding Ltd., to debut the W Hotels brand in Hungary with the opening of W Budapest. Located on Andrássy Road, the hotel will be situated directly across from the State Opera House, businesswire.com reports.

W Budapest will be housed in the Drechsler Palace which will be fully renovated. The hotel will feature 162 guest rooms and suites along with offering a restaurant, a destination bar, meeting and event spaces, a spa, a fitness centre and a pool. 
 
Drechsler Palace, which previously was home to the Ballet Institute of Budapest, has been deserted for over 20 years. In 2014 it was purchased by Balett Properties S. A., a company established in Luxembourg and owned by Sheikh Hamad bin Jassim bin Jaber Al Thani of Qatar. A sign put up on the building after the purchase previously advertised that a new 5-star hotel was to operate in the building from 2017. 
 
Photo: MTI / Mohai Balázs

“Budapest has secured a spot as an epicenter of European travel with the convergence of creative communities combined with a thriving economy, making this city the perfect fit for the innovative edge of W Hotels,” said Anthony Ingham, Global Brand Leader at W Hotels Worldwide. “This vibrant city remixes historic tradition with a modern twist – the perfect backdrop to offer guests and locals alike a dynamic scene that shakes up the traditional and embraces the avant-garde.”

W Hotels boasts a worldwide portfolio of 50 properties and is on track to reach 75 hotels by 2020.W Budapest will be the second Central European location of W Hotels Worldwide after the opening of W Belgrade which is scheduled for September 2019.

Budapest hotel Hungary


Latest news


New leases

  • Foundever has doubled its footprint to 3,500 sqm within the Bucharest-based Campus 6.3 office building, owned by CPI Romania. Cushman & Wakefield Echinox brokered the deal.
  • International logistics operator Logfret has leased nearly 4,900 sqm of warehouse and office space at the Segro Logistics Park Warsaw, Nadarzyn. The transaction was advised by Axi Immo.
  • Prologis has leased 2,200 sqm at Prologis Park Prague-Rudná to BattSwap. The tenant will utilize the space for assembly, storage, and office operations.

New appointments

  • 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.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


Latest news

News - Warsaw’s growth story is far from over
17
Jun
2026

Warsaw’s growth story is far from over

by Property Forum
Few European capitals have changed as rapidly as Warsaw over the past three decades, yet many believe its biggest transformation still lies ahead. Industry leaders speaking at the closing panel of Future of Real Estate 2026, moderated by Aleksandra Mazzini, argued that the city is entering a new stage of development, driven by technology, talent, infrastructure investment and the evolution of large-scale mixed-use districts. While challenges around planning, regulation and sustainability remain, the long-term outlook for Warsaw was overwhelmingly positive.
Read more >
News - Harden Construction starts logistics development in Sosnowiec
16
Jun
2026

Harden Construction starts logistics development in Sosnowiec

by Property Forum
General contractor Harden Construction has started building a logistics centre in Sosnowiec for the Raben Group, one of Europe's logistics companies, with completion scheduled for Q1 2027.
Read more >
News - Passerinvest Group aims to deliver new Prague offices in H1 2028
16
Jun
2026

Passerinvest Group aims to deliver new Prague offices in H1 2028

by Property Forum
Passerinvest Group, in partnership with the GEMO group, has advanced construction on the Sequoia development in Prague, with final completion scheduled for H1 2028. Gemo is also serving as the general contractor for the project.
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