IHG Hotels & Resorts, one of the world’s leading hospitality companies, is delighted to announce two new signings – both brand debuts for Hungary – in the beautiful capital city of Budapest.
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.
“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,” said István Tiborcz, Owner of BDPST Group.
“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,” added Karin Sheppard, SVP, MD, Europe at IHG Hotels & Resorts.
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.
Budapest continues to see a rise in visitors due to its many popular landmarks and attractions which include the architectural melting pot that is Buda Castle; Széchenyi Baths with its colonnades and steaming outdoor thermal pools, and Central Market Hall with its plethora of food outlets.
Find out more about the hotel chain here.