Hyatt Hotels signs first Hyatt Regency in Budapest

Hyatt Regency Belgrade, Serbia. Photo credit: Hyatt Hotels(Image: Hyatt Hotels)

A Hyatt Hotels' affiliate signed a management agreement with Városház Utca Projekt Ingatlanforgalmazó Kft. to open the first Hyatt Regency hotel in Budapest, Hungary. 

The 231-room Hyatt Regency Budapest, expected to open in early 2020, will be within the historic Postapalota, the city's former postal office on Petőfi Sándor Street, and near to the Danube.

The new hotel will expand the brand's portfolio in Hungary and Central and Eastern Europe, where it currently includes the Hyatt Regency Belgrade in Serbia and the Hyatt Regency Kiev in Ukraine. The hotel chain also will add the Párisi Udvar as part of The Unbound Collection by Hyatt on Ferenciek Square on the city’s Pest side. The brand's pipeline in the region also includes Hyatt Regency Zadar Maraska, Croatia and Hyatt Regency Sofia, Bulgaria.

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This latest signing follows the nine management and franchise agreements Hyatt Hotels entered in May and June across five of its brands. 

The group signed two Hyatt Regency hotel projects in Asia-Pacific: the Hyatt Regency Clark in Clark, Philippines and the Hyatt Regency Nha Trang in Nha Trang, Vietnam. The 434-room Hyatt Regency Nha Trang is scheduled to open in late 2019 while the 350-room Hyatt Regency Clark is expected to open in 2022.

Athens, Greece is in line to get its first Grand Hyatt later this year. Hyatt Hotels entered the deal with Henderson Park and Hines to open the 310-room hotel, which will be managed by Kokari. 

Hyatt Hotels also marked Hyatt Centric's entry into the markets in Ireland and Melbourne, Australia with the signing of the Hyatt Centric The Liberties Dublin and the Hyatt Centric Melbourne. The 234-room hotel in Dublin is scheduled to open in May 2019 under Hodson Bay Group's management, while Melbourne-based Little Projects will develop the 280-room Hyatt Centric Melbourne slated to open in 2020.

Hyatt Place and Hyatt House each will add two new hotels to their portfolios in the Americas: the 126-room Hyatt Place Mississauga-Airport Corporate Centre in Mississauga, Ontario, Canada in 2018; the Hyatt Place Tucson North in Tucson, Ariz.; the 135-room Hyatt House Charlotte/Rea Farms in Charlotte, N.C. in 2019; and the Hyatt House Mississauga-Airport Corporate Centre in Mississauga, Ontario.