Market Overview

Hyatt Announces Plans for a Hyatt Regency Hotel in Budapest


Hyatt Regency Budapest will mark the brand's entry into the Hungarian

Hotels Corporation
(NYSE:H) announced today that a Hyatt affiliate
has entered into a management agreement with Városház Utca Projekt
Ingatlanforgalmazó Kft. for the first Hyatt Regency hotel in Budapest,
Hungary. The 231-room property is expected to open in early 2020.

Hyatt Regency Budapest will be located in the landmark building
Postapalota, the former postal office on Petőfi Sándor Street. Situated
near the vibrant Váci Street and a five-minute walk to the Danube river,
this upscale hotel will provide the perfect setting for business and
leisure travelers to connect with the city.

"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. "We look forward to
working with Városház Utca Projekt Ingatlanforgalmazó Kft and believe
business and leisure travelers will find the Hyatt Regency Budapest to
be intuitive and seamless throughout their stay in the city."

Hyatt Regency Budapest will be an ideal destination for every occasion –
from business meetings to memorable family vacations. The hotel will
offer spacious guest rooms, generous business facilities with a 4,197
square foot ballroom and more than 6,673 square feet of meeting space.
Further amenities include a lavish spa, state-of-the-art fitness
facilities and an indoor swimming pool. The hotel's bar and restaurant
will be situated within the inner courtyard of the former post office
building, offering guests a space to collaborate and socialize with
colleagues, relax with friends or family, and recharge during their busy
stay in the city.

"We are delighted to bring this landmark building back to life," said
Dr. Michael Hutter, owner of Városház Utca Projekt Ingatlanforgalmazó
Kft. "We believe the globally recognized Hyatt Regency brand will help
further transform Petőfi Sándor Street to become a sought-after
destination for shopping, dining and culture. It's an honor for us to be
part of this process and we believe the hotel will be a successfull

Hyatt Regency Budapest adds to Hyatt's growing brand footprint in
Hungary and Central & Eastern Europe, which will include the recently
announced Párisi Udvar, part of The Unbound Collection by Hyatt, located
on Ferenciek Square on the Pest side of the city. Further additions in
the region will include Hyatt Regency Zadar Maraska, Croatia and Hyatt
Regency Sofia, Bulgaria.

For more information, please visit

The term "Hyatt" is used in this release for convenience to refer to
Hyatt Hotels Corporation and/or one or more of its affiliates.

About Hyatt Regency

The Hyatt Regency brand prides itself on connecting travelers to who and
what matters most to them. More than 180 conveniently located Hyatt
Regency urban and resort locations in over 30 countries around the world
serve as the go-to gathering space for every occasion – from efficient
business meetings to memorable family vacations. The brand offers a
one-stop experience that puts everything guests need right at their
fingertips. Hyatt Regency hotels and resorts offer a full range of
services and amenities, including the space to work, engage or relax;
notable culinary experiences; technology-enabled ways to collaborate;
and expert event planners who can take care of every detail. For more
information, please visit
Follow @HyattRegency on Facebook,
and Instagram,
and tag photos with #AtHyattRegency.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a portfolio of 14 premier brands. As of March
31, 2018, the Company's portfolio included more than 700 properties in
more than 50 countries across six continents. The Company's purpose to
care for people so they can be their best informs its business decisions
and growth strategy and is intended to attract and retain top
colleagues, build relationships with guests and create value for
shareholders. The Company's subsidiaries develop, own, operate, manage,
franchise, license or provide services to hotels, resorts, branded
residences, vacation ownership properties, and fitness and spa
locations, including under the Park Hyatt®, Miraval®, Grand
Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound
Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva
Hyatt Zilara
, Hyatt Residence Club® and exhale®
brand names. For more information, please visit

About Városház Utca Projekt Ingatlanforgalmazó Kf

Városház Utca Projekt Ingatlanforgalmazó Kft, belongs to the Dr. Hutter
company group, owned by Mr. Dr. Michael J. Hutter, with a broad
international business portfolio. Among others, to the Dr. Hutter
company group belong several exclusive 4* superior and 5* hotels and
resorts in best locations worldwide in partnership with Private Palace &
Resorts in Malta (,
renowned Private Clinics in Germany (
), supplier for medical goods (
and a publishing company.


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