IHG Hotels & Resorts Signs First Kimpton in Hungary in Historic Capital, Budapest

Published on : Saturday, November 13, 2021

IHG Hotels & Resorts one of the world’s leading hotel companies, has today announced the signing of Kimpton Budapest in Hungary. The hotel is signed under a management agreement with the owner of the property MAM BUDA PROJECT Kft., a subsidiary of Market Asset Management Zrt., and is set to open in early 2025.

This will be the first Kimpton Hotels & Restaurants property in Hungary, located in heritage Jozsef Bem square in central Budapest, on the Buda side of the river Danube. When open, the 127-key hotel will offer spacious and thoughtfully designed rooms with a touch of playfulness alongside exceptional amenities and destination dining, including a rooftop bar, bringing that signature Kimpton touch to the heart of Budapest.

Willemijn Geels, VP Development Europe, IHG Hotels & Resorts said: “Budapest is one of Europe’s most popular destinations with beautiful UNESCO world heritage sites as well as rapidly growing corporate demand as a local business hub. It is an ideal fit for our Kimpton brand, whose heartfelt, personalised service and bold design will resonate well with this vibrant city. We’ve seen just how well our luxury boutique offering has been received in Europe, and this new signing only reinforces momentum for Kimpton’s international expansion.”

Sándor Scheer, Chairman, Market Asset Management Zrt., commented: “We are excited to work with IHG Hotels & Resorts to bring Kimpton to Budapest. We have seen the success of the brand across Europe and are thrilled to be bringing a unique and distinct luxury offering to Budapest, capturing a new corner of the market.”

Kimpton first opened in Europe in 2017 with the opening of Kimpton De Witt in Amsterdam, and since then the brand has rapidly increased its footprint across Europe with openings from Paris to Barcelona, London, Edinburgh and beyond. There is now a total of seven* Kimpton hotels open across Europe, with a further four* in the pipeline, covering locations from Mallorca to Frankfurt, as demand for luxury and lifestyle stays grows. Globally, there are 75* open Kimpton hotels and 32* in the pipeline.

This signing follows the recent opening of Crowne Plaza Budapest. IHG Hotels & Resorts currently has three* hotels in Hungary, operating under the InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts and Holiday Inn Hotels & Resorts brands, with an additional two* hotels in the pipeline.

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