An agreement has been signed between BDPST Group and Budapest Thermal Baths and Thermal Baths Co.

DOME Kft. and Budapest Spa and Thermal Baths Co. (BGYH) have signed a sale and purchase agreement for certain areas of Hotel Gellért and St. Gellért Bath and Swimming Pool. The Budapest Metropolitan Assembly approved the agreement in its February meeting.

The common goal of DOME Kft., a subsidiary of the BDPST Group, and BGYH is that, following the mutually beneficial acquisition for both parties, Gellért Bath and Hotel Gellért will be able to operate independently in the future. The agreement not only ensures the operation of the hotel, but also contributes to the development of the spa, reducing its financial burden and guaranteeing long-term stability and the implementation of developments. The transaction allows the previously separated areas – basements, corridors, warehouses, office areas – to be given a new, more efficiently utilized role in the two facilities, supporting their operation.

Opened in 1918 and popular from the beginning, Gellért Baths became world-famous in a short time. They are a true jewel of Budapest, having undergone only one major renovation since their opening, back in the 1970s. The reconstruction of the spa means both the timely technical modernization of the facility and the strengthening of the guest experience – preserving our architectural heritage and the tourist attraction of the place.

“Our company has launched a complex spa renovation program, the highlight of which is one of our flagships, the Gellért Bath. The agreement just signed creates clear ownership relations between the Gellért Hotel and the Gellért Bath that are easy to manage for both parties, and this will help with the reconstruction work of the bath and its subsequent operation. According to our plans, we will temporarily say goodbye to the bath in the fall of this year in order to begin preparations for the renovation and allow the patinated bath to shine in its former glory again in 2028,”

– stated the Budapest Thermal Baths and Thermal Baths Co., Ltd.