Hyatt Hotels Corporation has entered into a management agreement for the first Hyatt Regency hotel in Budapest, Hungary.
The 231-room property is expected to open in early 2020 following the deal with Varoshaz Utca Projekt Ingatlanforgalmazo Kft.
It will be in the landmark building Postapalota, the former postal office, near the vibrant Vaci Street and a five-minute walk to the Danube river.
"The development of Hyatt Regency Budapest demonstrates Hyatt’s commitment to growing the Hyatt Regency brand footprint throughout Central and Eastern Europe," said Takuya Aoyama, vice president development, Eastern Europe, Russia & CIS at Hyatt.
The hotel will offer spacious guest rooms and business facilities with a 4,197 square foot ballroom and more than 6,673 square feet of meeting space.
