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Budapest Airport Hotel Opens

Wing has opened the first hotel to be based at Ferenc Liszt International Airport. The ibis Styles Budapest Airport Hotel is aimed at tourists, business travelers and staff employed at industries connected to the airport.

“By building the airport hotel we have not only created a new hotel, but carried out what is an important and much needed development project from the perspective of tourism in Hungary,” said Noah Steinberg, chairman & CEO of Wing at the opening.

The project is located on a site in front of Terminal 2, and is connected to it via a walkway. Wing as developers and owners of the 5,200 sqm project have handed over operation of the hotel to the ibis Styles hotel chain, a member of the Accor group. The operating rights for the project have been awarded on a 20-year contract.

“The hotel is an important gateway to Hungary for travelers arriving from abroad, and also influences their first impressions of the country. We took this into consideration when designing every element of the new facility,” added Steinberg. “The new hotel will provide one of the first impressions for foreigners arriving in Hungary. It has a key role for tourists and business travelers.”

The five-story building was constructed by Markett Építő and designed by László Szerdahelyi and József Pesti of Aspectus Architect Zrt., Wing’s in-house architects and interior designers. It offers 145 rooms in a contemporary “travel” design style. These consists of 127 standard rooms, ten junior suites and eight suites. The complex provides a 135-seat restaurant and wine bar opening onto a terrace in summer. An event and conference center has the capacity for 250 people.

Enhanced Profile

The new hotel is seen as enhancing the profile of the airport and strengthening its competitiveness in the region. Passenger numbers at the airport increased by 10% last year to 11 million according to Budapest Airport, the operator, and annual passenger numbers are predicted to increase to 13 million.

Wing has invested HUF 3.2 billion (more than EUR 10 million) in the project, which was financed by the Hungarian state-owned EXIM bank. The building was delivered after a 16-month development period. János Gerő, deputy CEO for business development and transactions at Wing, describes the project as a “unique development opportunity”.

Wing is now active in the office, industrial, retail, hotel and residential market sectors. “Hotel in one respect is a more complex market sector, as hotel rooms need to be filled every day as compared to the office sector where leases are concluded on, for example, five-to-ten year leases,” commented Gerő.

The ibis Styles Budapest Airport Hotel is expected to attain full occupancy reflecting the high demand in the Budapest hotel market and specific demand for hotel space at the airport, according to Gergely Kolin, CEO for Accor economy hotels in Hungary.

Wing have permits for the development of a further phase of the hotel project on an adjacent site.