Hyatt Hotels Corporation has revealed that a Hyatt affiliate has entered into a management agreement with Varoshaz Utca Projekt Ingatlanforgalmazo Kft for the first Hyatt Regency hotel in Budapest, Hungary. The 231-room property is expected to open in early 2020.
Hyatt Regency Budapest will be located in the landmark building Postapalota, the former postal office on Petofi Sandor Street. Situated near the vibrant Vaci Street and a five-minute walk to the Danube river, this upscale hotel will provide the perfect setting for business and leisure travellers to connect with the city.
The hotel will offer spacious guest rooms, generous business facilities with a 4,197ft² ballroom and more than 6,673ft² of meeting space. Further amenities include a lavish spa, state-of-the-art fitness facilities and an indoor swimming pool. The hotel’s bar and restaurant will be situated within the inner courtyard of the former post office building, offering guests a space to collaborate and socialize with colleagues, relax with friends or family, and recharge during their busy stay in the city.
“The development of Hyatt Regency Budapest demonstrates Hyatt’s commitment to growing the Hyatt Regency brand footprint throughout Central and Eastern Europe,” said Takuya Aoyama, vice president development, Eastern Europe, Russia & CIS at Hyatt. “We look forward to working with Varoshaz Utca Projekt Ingatlanforgalmazo Kft and believe business and leisure travelers will find the Hyatt Regency Budapest to be intuitive and seamless throughout their stay in the city.”
“We are delighted to bring this landmark building back to life,” said Dr. Michael Hutter, owner of Varoshaz Utca Projekt Ingatlanforgalmazo Kft. “We believe the globally recognized Hyatt Regency brand will help further transform Petofi Sandor Street to become a sought-after destination for shopping, dining and culture. It’s an honour for us to be part of this process and we believe the hotel will be a successful development.”
