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IHG Hotels & Resorts: First European Property in Budapest

05 February 2024

IHG Hotels & Resorts, one of the world’s leading hotel companies, announced during the HOTCO international hotel investment conference in Vienna its first Holiday Inn & Suites property in Europe with the signing of Holiday Inn & Suites Budapest Centrale – part of its Holiday Inn Hotels & Resorts brand.

    Set to open in late 2026, within a new mixed-use development, the 170-room property will be ideally situated in the XIV district of Budapest, Hungary, directly above the bustling Puskás Ferenc Stadion underground station and intermodal transport hub, the company says in a statement

    With more than three million annual visitors, the area is renowned as Budapest’s main sports, entertainment and cultural hub. The country’s national football stadium – the Puskás Arena – and the Papp László events hall will directly neighbor Holiday Inn & Suites Budapest Centrale, with the HUNGEXPO Budapest Congress and Exhibition Center and City Park museum district also nearby.

    Facilities at the hotel will include 25 long-stay suites – each complete with kitchenettes, dining area and sofa beds to cater to needs of mid-to-long-term staying guests as well as families – open lobby, restaurant, lobby bar, meeting room and fitness center. Holiday Inn & Suites Budapest Centrale will be complete with key brand hallmarks including Kids Stay and Eat Free.

    The Centrale mixed-use development will further contain a retail hub, a food experience hall and premium offices, which will complement the hotel and service its guests.

    IHG says it is proud to be collaborating with two trusted partners on this project – developers Chain Bridge Ventures Kft. and lease operators Mogotel Hotel Group.

    According to Mrs Willemijn Geels, VP Development, Europe, IHG Hotels & Resorts, “we’re delighted to have signed Holiday Inn & Suites Budapest Centrale – an agreement that brings our first '& Suites' offer to Europe for our Holiday Inn brand, offering a longer-stay option in the heart of the capital. The hotel will be located in a very popular area of Budapest and will provide guests with the perfect base from which to enjoy everything the Hungarian capital has to offer. It has been a pleasure to collaborate with our partners Chain Bridge Ventures Ltd and Mogotel Hotel Group throughout the development process, and we look forward to turning our collective visions into reality and welcoming guests at the hotel in early 2026.”

    Holiday Inn & Suites Budapest Centrale joins IHG’s impressive – and growing – portfolio of properties in Hungary, including InterContinental Budapest, Holiday Inn Budapest – Budaörs, Crown Plaza Budapest, Vignette Collection Verno House Budapest and Kimpton Budapest which is expected to open later this year. The property will also join the 127-key Kimpton Budapest, which is set to open later in 2024.

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