Access the main content

Investments

IHG to open two new hotels in Budapest

IHG Hotels & Resorts heralds two new signings in Budapest with BDPST Group, for its Vignette Collection and voco brands, marking the debut for both brands in Hungary.

The signings are Verno House Budapest, Vignette Collection, which is set to open in summer 2023 under a franchise agreement, and voco Budapest which is due to open in late 2023 with a management agreement.

Both properties have been signed with owner BDPST Group, a Hungarian-based capital investment company and one of Hungary’s largest hotel owners and operators within the upscale and luxury hospitality market.

Verno House Budapest

The hotel opened on 15th December 2022 as a luxury lifestyle hotel under the Botaniq collection, a lifestyle umbrella brand of BDPST Group. In summer 2023, Verno House will be franchised by IHG Hotels & Resorts to become a Vignette Collection property.

The property is based in a sought-after city-centre location overlooking Liberty Square, home to many of the city’s diplomatic buildings and close to major attractions such as St Stephen Basilica, Danube Promenade and Andrassy Avenue. The 50-key hotel will have a restaurant with bar, a library room which can be used as a flexible meeting space, and a small wellness area and gym.

voco Budapest

The 137-key hotel is due to open in December 2023, following a refurbishment of an already operating D8 hotel, currently managed by BDPST Group.

Ideal for leisure and business guests due to its central location, there will be a lively restaurant on site which will be the hub of the hotel. Nearby attractions include Vorosmarty Square, home to the city’s most famous Christmas market.

We are delighted to announce two new signings in the elegant city of Budapest. Hungary is one of several growth areas across Europe for IHG and we are looking forward to working closely with BDPST Group to bring both brands to the forefront of Budapest’s flourishing hotel scene, and welcome guests visiting for leisure, business or indeed both.

Karin Sheppard, SVP, MD, Europe at IHG Hotels & Resorts

It is an honour that IHG Hotels & Resorts chose us to enter the Hungarian market with these two trendy lifestyle brands. We are confident that this partnership will be prosperous for both parties as we will unlock tremendous synergies by working together. BDPST Group's mission is to create cultural values by opening these two properties and IHG is the right partner with whom to achieve our objectives.

István Tiborcz, Owner of BDPST Group

IHG currently has three properties in Budapest; InterContinental Budapest, Crowne Plaza Budapest and Holiday Inn – Budapest Budaörs. Furthermore, Kimpton Budapest is set to open in 2025.

Loading...

You have consulted 10 content. Go back home page or at the top of the page.

Access next article.

Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?