Budapest hotel joins Hyatt's Unbound Collection

The hotel incorporates elements from Arabic, Moorish and Gothic design, representing Hungary’s past. Photo credit: Hyatt Hotels Corp.

Following a major restoration and full-scale renovation, the Párisi Udvar Hotel Budapest has opened in Hungary as a member of The Unbound Collection by Hyatt soft brand. The building was once a shopping destination inspired by the "Parisian Passages des Panoramas" that gave the hotel its name, and then became Budapest’s Central Savings Bank in 1906 before becoming a hotel.

The property is managed by Mellow Mood Hotels. It has 110 guestrooms and is situated on Ferenciek Square, between the River Danube and the city center.

“Párizs Property Kft and Mellow Mood Hotels are excited to work with The Unbound Collection by Hyatt brand,” said Zuhair Awad and Sameer Hamdan, both managing directors at Mellow Mood Hotels. “We are very proud to open this renowned landmark building and to give it back to Budapest.”

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

The hotel incorporates elements from Arabic, Moorish and Gothic design, representing Hungary’s past. The original façade, staircases and decorative tiles have been preserved. Entering from the street or the lobby, visitors to the hotel’s restaurants and cafés will see its original iconography, including the Central Savings Bank mascot, the honey bee. 

Public spaces include two dining options, the Zafir Spa, a 24-hour fitness center and four multifunctional meeting and event spaces that cover more than 3,229 square feet and can accommodate up to 160 guests. 

Párisi Udvar Hotel Budapest is the fourth property to open in Europe as part of The Unbound Collection by Hyatt. It joins Hôtel Martinez in Cannes, Nish Palas in Istanbul, Turkey, Hotel du Louvre in Paris and Hotel Sofia Barcelona in Spain.

Suggested Articles

New developments and revitalization projects in major urban centers continue to create more demand for hotels in established markets.

The Secrets Lanzarote Resort is a conversion of the former Hesperia Lanzarote in Spain's Canary Islands. 

The debuts consisted of a Hotel RL in St. Louis, a Tru by Hilton in Springfield and a SpringHill Suites by Marriott in Kansas City.