The newly renovated facility, on the site of the former Le Meridien Hotel, offers 170 rooms and 30 suites for its guests, with the Ritz-Carlton Spa and Fitness Center located on the top, according to a statement provided by the hotel. The hotelʼs new restaurants and bar will offer Hungarian cuisine, including Hungarian beers and wines, the statement said.

In the past months, Loevenforst has been in charge of the renovation of the landmarked historical building, he said, adding that, following the opening, his chief task is to provide the high-quality services Ritz-Carlton considers a trademark of its operations, as well as to manage the staff of the hotel.

Herve Humler, president and CEO of Ritz Carlton, said in the statement that he considers it an honor to open the first Hungarian hotel of his luxury chain, which already operates more than 90 hotels in the United States, Europe, Asia, the Middle East, Africa and the Caribbean. “We are extremely happy to introduce our high-quality services, which have become the trademark of Ritz-Carlton, to a new market,” the CEO said.