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IHG announces the signing of Kimpton Budapest

IHG has announced the signing of Kimpton Hungary, the brand’s debut property 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.

Kimpton Budapest will be the first Kimpton Hotels & Restaurants property in Hungary and will be located in heritage Jozsef Bem square in central Budapest, on the Buda side of the river Danube. The hotel will consist of 127 spacious and thoughtfully designed guest rooms and suites with a touch of playfulness alongside amenities and destination dining, including a rooftop bar, bringing that signature Kimpton touch to the heart of Budapest.

Willemijn Geels, Vice President, 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.

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Sándor Scheer, Chairman, Market Asset Management Zrt., said:

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 7 Kimpton hotels open across Europe, with a further 4 in the pipeline, covering locations from Mallorca to Frankfurt. Globally, there are 75 open Kimpton hotels and 32 in the pipeline.

The signing of Kimpton Budapest follows the recent opening of Crowne Plaza Budapest. IHG Hotels & Resorts currently has 3 hotels in Hungary, operating under the InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts and Holiday Inn Hotels & Resorts brands, with an additional 2 hotels in the pipeline.

Meanwhile, IHG recently announced the opening of its largest Holiday Inn Express in Europe in Düsseldorf.

Featured image by IHG

What do you think of IHG bringing its luxury and lifestyle brand Kimpton Hotels and Resorts to Hungary? Let me know in the comments section below.

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