Hotel will mark the third international location for the brand
CHICAGO--(BUSINESS WIRE)--
Hyatt
Hotels Corporation (NYSE: H) today announced plans for the Párisi
Udvar Hotel in Budapest – joining Hôtel
du Louvre in Paris as the second hotel in Europe for The Unbound
Collection by Hyatt and third outside of the U.S.
Hyatt has entered into a franchise agreement with Párizs Property Kft
for the project, which will see Brudern House in downtown Budapest
converted into an upper-upscale 110-room hotel. The Párisi Udvar Hotel
is expected to open in 2018 and will be managed by Mellow Mood Hotels, a
leading Hungarian hotel operator.
The 20th century building is known for its eclectic design
that offers a rich history and sense of place that will fit the brand’s
promise of creating story-worthy and shareable experiences for the
modern traveler. The building was completed in 1931 and remained
relatively undamaged during the second World War after which the upper
floors were converted into apartments. It has so far escaped major
renovations, making it a unique treasure from the past. The future hotel
incorporates elements from Moorish, Art Deco and Neo Gothic styles,
representing the best of Hungary’s architecture. It has been home to
shops, apartments and offices, as well as the Jégbufe ice-cream
parlor fondly remembered by many local residents.
The building is located on Ferenciek Square on the Pest side of the
city, within a stone’s throw from the famous pedestrian area of Váci
Street, bustling with cafés, theatres and shops.
The hotel will feature 110 guest rooms and suites, 300 square meters of
indoor meeting space, a spa and fitness center, restaurant, bar and
café. The food and beverage outlets will be situated within the Párisi
Udvar arcade, under the splendour of the building’s colored glass
ceiling and hexagonal cupolas, offering guests a truly unique place to
socialize and relax.
The Unbound Collection by Hyatt launched in March 2016 and has since
grown to five properties currently in operation, with additional
properties in development for the brand. Whether it is a fascinating
past – as with Párisi Udvar Hotel – an exclusive location, famous
architecture and design or an award-winning dining experience, each
property maintains a distinct character and the freedom to be unique,
while still providing guests with Hyatt’s customer loyalty program,
robust operational and marketing resources and trusted, quality brand.
“We are delighted to collaborate with Párizs Property Kft and Mellow
Mood Hotels to convert this iconic building into the second hotel for
the brand in the region. The Unbound Collection by Hyatt is an ideal fit
for the hotel, which boasts an incredible storied history and some of
Hungary’s most impressive architecture,” said Peter Norman, Senior Vice
President, Acquisition & Development Europe, Africa, Middle East and
Southwest Asia at Hyatt. “We look forward to continuing to grow this
brand globally in a strategic and meaningful way.”
“Párizs Property Kft and Mellow Mood Hotels are extremely proud to have
the opportunity to give back this renowned landmark building to
Budapest, and it is a great honor to collaborate with Hyatt on this
prestigious project. Our expansion in Budapest is a strong statement of
our confidence in the local market and an opportunity to contribute to
the growth of the tourism industry in Hungary,” said Zuhair Awad and
Sameer Hamdan, both Managing Directors at Mellow Mood Hotels.
Other properties in the collection currently in operation include The
Confidante in Miami Beach, Florida; The Royal Palms in Phoenix, Arizona;
The Driskill Hotel in Austin, Texas; the Hôtel du Louvre in Paris,
France; and the Carmelo Resort & Spa in Carmelo, Uruguay.
For more information about The Unbound Collection by Hyatt, click here.
The term “Hyatt” is used in the release for convenience to refer to
Hyatt Hotels Corporation and/or one or more of its affiliates.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a portfolio of 13 premier brands. As of
June 30, 2017 the Company's portfolio included 731 properties in 56
countries. The Company's purpose to care for people so they can be their
best informs its business decisions and growth strategy and is intended
to create value for shareholders, build relationships with guests and
attract the best colleagues in the industry. The Company's subsidiaries
develop, own, operate, manage, franchise, license or provide services to
hotels, resorts, branded residences and vacation ownership properties,
including under the Park Hyatt®, Miraval®, Grand Hyatt®,
Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection
by Hyatt™, Hyatt Place®, Hyatt
House®, Hyatt Ziva™, Hyatt
Zilara™ and Hyatt Residence Club® brand
names and have locations on six continents. For more information, please
visit www.hyatt.com.
The Unbound Collection by Hyatt
The Unbound Collection by Hyatt is a portfolio of new and existing
upper-upscale and luxury properties, ranging from historic urban gems to
contemporary trend-setters, boutique properties to resorts. Whether it
is a fascinating past, an exclusive location, famous architecture and
design, or an award-winning dining experience, the properties in the
collection provide guests with “social currency” and allow them the
freedom to be unique. Current properties include The Driskill Hotel in
Austin, Texas, The Coco Palms Resort in Kauai, Hawaii, which is expected
to undergo a revitalization and re-open in spring 2018, The Royal Palms
in Phoenix, Arizona, The Confidante in Miami Beach, Florida, the Hotel
Du Louvre in Paris, France and Carmelo Resort & Spa in Uruguay. For more
information, please visit unboundcollection.hyatt.com.
Follow @UnboundxHyatt on Facebook
and Instagram.
Mellow Mood Hotels
Mellow Mood Hotels, a leading hotel operator company in Hungary, was
founded in 1997. The company’s profile, originally focusing on the
operation of youth hostels and hotels, has developed over the years into
a complex network of different businesses. Mellow Mood Hotels operates
the hospitality portfolio of the Mellow Mood Group, ranging from
hostels, 3- and 4-star hotels to a 5-star luxury hotel, including under
the brand names Top Hostels, City Hotels, Congress Hotels, Fashion
Hotels and Luxury Hotels. The company is continuously looking for future
opportunities within the Central and Eastern European region. For
further information, please visit www.mellowmoodhotels.com
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Source: Hyatt Hotels Corporation