W Hotels Worldwide, now part of Marriott International, Inc. (NASDAQ: MAR), today announced an agreement with QPR Properties Kft, part of Constellation Hotels Holding Ltd., to debut the iconic W Hotels brand in Hungary with the opening of W Budapest. Ideally located on Andrassy Avenue (a UNESCO World Heritage Site) the hotel will be situated on the city’s most luxurious shopping street located directly across from the State Opera House.
Slated to Open in 2020, W Budapest Will Reimagine the Iconic Dreschler Palace, Bringing Visionary Design, Playful Luxury and Whatever/Whenever Service to Hungary’s Cosmopolitan Capital
“Budapest has secured a spot as epicenter of European travel with the convergence of creative communities combined with a thriving economy, making this city the perfect fit for the innovative edge of W Hotels,” said Anthony Ingham, Global Brand Leader, W Hotels Worldwide. “This vibrant city remixes historic tradition with a modern twist – the perfect backdrop to offer guests and locals alike a dynamic scene that shakes up the traditional and embraces the avant-garde.”
W Budapest - rendering
Located in the heart of the city at Andrassy Avenue, also known as Budapest’s Champs-Elysees, the hotel will be housed in the impressive Drechsler Palace which will be fully renovated to bring the brand’s cutting-edge, contemporary design to life. W Budapest will feature 162 stylish guest rooms and suites, including one Extreme WOW, the brand’s lux-take on the Presidential Suite. The hotel will offer a restaurant and a destination bar, both sure to be embraced by locals as a place to mix and mingle, as well as the signature W Living Room, the brand’s evolution of the traditional hotel lobby, where guests can go to see and be seen. Three meeting and event spaces, including a Great Room for larger celebrations, are available, along with an Away® Spa, FIT® fitness center, and WET® pool. Guests can also expect the W brand’s signature Whatever/Whenever® service philosophy, providing guests whatever they want, whenever they want it.
“W Hotel’s bold and vibrant take on luxury continues to expand into some of the most exciting destinations in Eastern and Central Europe,” said Carlton Ervin, Marriott International’s Chief Development Officer, Europe. “The signing of this landmark hotel in Budapest matches the rising demand of luxury traveller and underpins our commitment to grow our portfolio in the region.”
Following the success of W Hotels in Istanbul, Barcelona, St. Petersburg, London, Paris and Verbier, W Amsterdam became the seventh W Hotel in Europe when it opened in October 2015. W Hotels now boasts a worldwide portfolio of 50 properties around the globe, and is on track to reach 75 hotels by 2020.
About Constellation Hotels Holding Limited
Constellation is a Luxembourg-based holding company, whose main focus is the long-term investment and development of real estate and hotels across the globe. Constellation currently holds a portfolio of five-star hotels and office buildings in the US and the main European capitals.
Note on Forward-Looking Statements: The statement that W Hotels is on track to reach 75 hotels by 2020 is a “forward-looking statement” within the meaning of U.S. federal securities laws, not historical facts, and is subject to a number of risks and uncertainties, including supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth; and other risk factors identified in the most recent quarterly report on Form 10-Q that Marriott International, Inc. has filed with the U.S. Securities and Exchange Commission; any of which could cause actual results to differ materially from those expressed in or implied by that statement. That statement is made as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Director, Global Communications, Marriott International Luxury Brands
The Ritz-Carlton | St. Regis | JW Marriott | The Luxury Collection | W Hotels | EDITION | Bulgari Hotels & Resorts
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About Marriott International, Inc.
Marriott International, Inc. (NASDAQ: MAR) is the world’s largest hotel company based in Bethesda, Maryland, USA, with more than 6,000 properties in 122 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts. The company’s 30 leading brands include: Bulgari®, The Ritz-Carlton® and The Ritz-Carlton Reserve®, St. Regis®, W®, EDITION®, JW Marriott®, The Luxury Collection®, Marriott Hotels®, Westin®, Le Méridien®, Renaissance® Hotels, Sheraton®, Delta Hotels by MarriottSM, Marriott Executive Apartments®, Marriott Vacation Club®, Autograph Collection® Hotels, Tribute Portfolio™, Design Hotels™, Gaylord Hotels®, Courtyard®, Four Points® by Sheraton, SpringHill Suites®, Fairfield Inn & Suites®, Residence Inn®, TownePlace Suites®, AC Hotels by Marriott®, Aloft®, Element®, Moxy® Hotels, and Protea Hotels by Marriott®. The company also operates award-winning loyalty programs: Marriott Rewards®, which includes The Ritz-Carlton Rewards®, and Starwood Preferred Guest®. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com and @MarriottIntl.