(5 October, Munich) IHG Hotels & Resorts, one of the world’s leading hospitality companies and WING, a leading property development and investment group in Central Europe, are proud to announce the signing of Hotel Indigo Budapest Andrassy and Holiday Inn Express Vagohid. Signed at real estate trade fair, EXPO Real 2023, both properties mark brand debuts to Hungary, demonstrating investment and growth in the premium and essentials hotel segments.
In the city’s sixth district, Hotel Indigo Budapest Andrassy will open in the second quarter of 2028, with 103 guest rooms, a bar and a restaurant. The property will enjoy a prime location on the tree-lined boulevard, Andrassy Avenue, which was recognised as a world heritage site in 2002, close to the new museum quarter in the City Park. This signing is the latest addition in the rapid growth of the Hotel Indigo brand, which has 145 open hotels and a 128-strong pipeline globally – introducing itself to must-visit destinations around the world at a rapid rate, capturing the spirit of local neighbourhoods everywhere.
Holiday Inn Express Vagohid is set to open in early 2027 in district nine, with 162 guest rooms. Situated in the southern part of the city, the hotel will be amongst businesses, close to the National Theatre, MUPA Budapest theatre and the athletic stadium, which recently hosted the World Athletics Championships. Holiday Inn Express is the world’s largest hotel brand, with more than 3,000 open properties globally, and over 330,000 rooms, spanning in excess of 50 countries.
Mrs Willemijn Geels, VP Development, Europe, IHG Hotels & Resorts, commented: “We are thrilled to partner with WING to bring Hotel Indigo and Holiday Inn Express to the country, through these distinct and exciting properties. These signings show the confidence of owners in our brands, and their popularity with guests around the world who will soon be welcomed to this energetic and historic capital city in our hotels, whether that is for business, leisure or events.”
Noah Steinberg, the Chairman and CEO of WING said: “WING’s hotel portfolio has grown significantly in recent years, and a number of top international hotel brands have chosen our developments. With the signing of Hotel Indigo Budapest Andrassy and Holiday Inn Express Budapest Vagohid, WING will join an elite club of real estate developers that have completed at least 1,000 hotel rooms. Diversifying our hotel developments both in terms of location and brands is an important part of our strategy, so we are delighted to welcome two highly successful brands from the prestigious IHG Hotels & Resorts family to our projects.”
These hotels follow the signing of Kimpton Budapest and the opening of Crowne Plaza Budapest in 2021. IHG Hotels & Resorts currently has four* hotels in Hungary, operating under the InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts and Holiday Inn Hotels & Resorts brands, with an additional three* hotels in the pipeline.
