Hyatt Hotels Corporation will open the group’s first Hyatt Regency branded property in Budapest, Hungary in early 2020 in the landmark building Postapalota, the former postal office on Petőfi Sándor Street.
Positioned in the hilly district of Buda, the 231-room property will be situated near the vibrant Váci Street and a five-minute walk to the Danube river and Royal Palace. Other hotel facilities include a ballroom, spa, fitness facilities and an indoor pool.
“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 are delighted to bring this landmark building back to life,” said Dr. Michael Hutter, owner of Városház Utca Projekt Ingatlanforgalmazó Kft, the firm behind the project which struck a management agreement with a Hyatt affiliate.
“We believe the globally recognised Hyatt Regency brand will help further transform Petőfi Sándor 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.”
Hyatt Regency Budapest adds to Hyatt’s growing brand footprint in Hungary and Central & Eastern Europe, which will include the recently announced Párisi Udvar, part of The Unbound Collection by Hyatt, located on Ferenciek Square on the Pest side of the city. Further additions in the region will include Hyatt Regency Zadar Maraska, Croatia and Hyatt Regency Sofia, Bulgaria.