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IHG HOTELS & RESORTS SIGNS FIRST KIMPTON IN HUNGARY IN HISTORIC CAPITAL, BUDAPEST

Momentum continues for luxury boutique brand in Europe with the signing of Kimpton Budapest

IHG HOTELS & RESORTS SIGNS FIRST KIMPTON IN HUNGARY IN HISTORIC CAPITAL, BUDAPEST

Momentum continues for luxury boutique brand in Europe with the signing of Kimpton Budapest

Category: Europe - Hungary - Industry economy - Hotel projects
This is a press release selected by our editorial committee and published online for free on 2021-11-10


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.

*Numbers as at 30 September

About IHG

IHG Hotels & Resorts [LON:IHG, NYSE:IHG (ADRs)] is a global hospitality company, with a purpose to provide True Hospitality for Good.

With a family of 17 hotel brands and IHG Rewards, one of the world’s largest hotel loyalty programmes, IHG has over 6,000 open hotels in more than 100 countries, and a further 1,800 in the development pipeline.
  • Luxury & Lifestyle: Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo
  • Premium: voco Hotels, HUALUXE Hotels & Resorts, Crowne Plaza Hotels & Resorts, EVEN Hotels
  • Essentials: Holiday Inn Hotels & Resorts, Holiday Inn Express, avid hotels
  • Suites: Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood Suites
InterContinental Hotels Group PLC is the Group’s holding company and is incorporated and registered in England and Wales. Approximately 350,000 people work across IHG’s hotels and corporate offices globally.

About Kimpton Hotels & Restaurants:

San Francisco-based Kimpton Hotels & Restaurants is the original boutique hotel company, which pioneered the concept of unique, distinctive, design-forward hotels in the United States in 1981.

Anchored in one-of-a-kind experiences, Kimpton now operates more than 60 hotels and 80 restaurants, bars and lounges across urban locations, resort destinations and up-and-coming markets in the United States, Canada, Europe, Caribbean, Asia and Greater China. Kimpton spaces and experiences center on its guests, offering inspiring design that evokes curiosity to forward-thinking flavors that feed the soul.

Every detail is thoughtfully curated and artfully delivered, so that guest experiences remain meaningful, unscripted and ridiculously personal.

Kimpton’s employees, empowered to provide heartfelt service and experiences, have built a highly regarded workplace culture that appears consistently on FORTUNE magazine’s “100 Best Companies to Work For” list.

As a result, Kimpton has been awarded, “Highest in Guest Satisfaction Among Upper Upscale Hotel Chains” by J.D. Power three times. In January 2015, Kimpton became part of the IHG Hotels & Resorts family of hotel brands.

About Market Asset Management Zrt. and Market Építő Zrt.:

The investor, Market Asset Management Zrt., specialized in property investment and portfolio management, is a Hungarian company, and a subsidiary of Market-group. Its leaders have accumulated several decades of experience in the international real estate market.

The company’s mission is to carry out high-quality property projects, which create sustainable capital gains and also enhance the surrounding environment.

They manage some of the most high-value projects in Hungary, such as Kimpton Budapest, BEM Offices, Dürer Park and BudaPart with MOL Campus, Hungary’s first skyscraper, designed by Foster + Partners.

The contributor, Market Építő Zrt. was founded in 1996, the company set the goal of combining professionalism, dedication, and the power of experience to become a valuable and valued construction company that not only performs and builds but also means reassurance and precision for its customers.

By now this company, whose core business is main contracting and general construction, has become the most prominent real estate company in Hungary with more than 70 professional, business and employer awards.

Together with its subsidiaries, Market employs over a thousand people, and its name has come to stand for professionalism, quality, and reliability also by international standards.

Over the past 25 years, the company has implemented several hundred facilities and has built something in every corner of Hungary.

The most significant references are Párisi Udvar Hotel, Budapest, Clark Hotel Budapest, Dorottya Hotel & Residence, BudaPart Gate Offices and MOL Campus.


Photo credit © Kimpton Hotels and Restaurants Group LLC.




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