IHG Hotels & Resorts signs Kimpton Budapest in Hungary

IHG Hotels & Resorts has signed Kimpton Budapest in Hungary 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 exceptional amenities and destination dining, including a rooftop bar, bringing that signature Kimpton touch to the heart of Budapest.

“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,” said Willemijn Geels, VP Development Europe, IHG Hotels & Resorts.

“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,” said Sándor Scheer, Chairman, Market Asset Management Zrt.