The first Hungarian Kimpton hotel opens on Bem Square in Budapest

By: Trademagazin editor Date: 2021. 11. 11. 10:24

IHG Hotels & Resorts, one of the world’s best-known hotel chains, will open its first Kimpton hotel in Hungary in Budapest on Bem Square in the former Radetzky Barracks, after signing an agreement with MAM Buda Project Kft., the owner of the building, the market’s developer, Market Asset Management Zrt. told MTI.

The first Kimpton hotel in Hungary opens in Bem Square

The 127-room hotel is expected to welcome guests from 2024 onwards. The value of the investment is not public, they said.

The owner and developer of the property is Market Asset Management Zrt., a member of the Market Group, which manages the investment through a project company established for this purpose. MAM Buda Project Kft. Market Építő Zrt. the general contractor of the project, has been involved in the construction of more than 730 facilities in the last 25 years, including the construction of more important monuments and hotel buildings than the Paris Courtyard in Budapest. (MTI)