Ritz-Carlton to open first property in the Hungarian capital.
The Ritz-Carlton Hotel Company adds another European capital to the growing portfolio of destinations. The high end hotel company has signed a deal with Al Habtoor Group, the UAE based conglomerate, which will see the opening of the first property from the luxury brand in the Hungarian capital. Ritz-Carlton will welcome guests to experience the renewed property in early 2016.
Located in the heart of Budapest, the 192 room luxury hotel overlooks Erzsebet square with commanding views of St Stephen’s Basilica. The property will undergo an extensive renovation set to commence at the beginning of 2016 and is due for completion in the second quarter.
“Hungary represents the next great international expansion opportunity for The Ritz-Carlton,” said Herve Humler, President and Chief Operating Officer. “We are especially pleased that our initial presence will be in Budapest, the country’s principal political, cultural, and commercial centre,” he added.
Budapest is home to some of Europe’s most impressive historical architecture, such as the Buda Castle, the Chain Bridge, Heroes’ Square, the Parliament and St. Stephen’s Basilica. It is widely known as a popular tourist destination in Central Europe; home to a number of World Heritage Sites such as the banks of the River Danube, the Buda Castle Quarter, Andrassy Avenue, Heroes Square and the Millennium Underground Railway (the second oldest in the world).