The properties were signed at the real estate trade fair called EXPO Real 2023 being held from 4 to 6 October 2023. Credit: © InterContinental Hotels Group 2023.

IHG Hotels & Resorts and WING, a property development firm, have signed Hotel Indigo Budapest Andrassy and Holiday Inn Express Vagohid in Budapest, Hungary.

The properties were signed at the real estate trade fair, called EXPO Real 2023, which is being held from 4 to 6 October 2023.

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 The signing of the new agreement marks the brand’s debut in Hungary.

IHG Hotels & Resorts VP Development for Europe Willemijn Geels said: “We are thrilled to partner with WING to bring Hotel Indigo and Holiday Inn Express to the country, through these distinct and exciting properties.

“These signings show the confidence of owners in our brands, and their popularity with guests around the world who will soon be welcomed to this energetic and historic capital city in our hotels, whether that is for business, leisure or events.”

Hotel Indigo Budapest Andrassy is set to open in the second quarter of 2028 on Andrassy Avenue in Budapest city’s sixth district.

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It will boast of 103 guest rooms along with a bar and a restaurant.

This signing further expands Hotel Indigo brand’s current portfolio which consists of 145 open hotels and 128 more properties across the world in development pipeline.

Scheduled to open in early half of 2027, Holiday Inn Express Vagohid will have 162 guest rooms.

Located in the ninth district, in the southern part of the city, the hotel is near MUPA Budapest thNational Theatre, and the athletic stadium.

Currently, Holiday Inn Express brand has over 3,000 operational properties, with more than 330,000 rooms, across over 50 countries.

WING chairman and CEO Noah Steinberg said: “WING’s hotel portfolio has grown significantly in recent years, and a number of top international hotel brands have chosen our developments. With the signing of Hotel Indigo Budapest Andrassy and Holiday Inn Express Budapest Vagohid, WING will join an elite club of real estate developers that have completed at least 1,000 hotel rooms.

“Diversifying our hotel developments both in terms of location and brands is an important part of our strategy, so we are delighted to welcome two highly successful brands from the prestigious IHG Hotels & Resorts family to our projects.”

These additions come after the opening of Crowne Plaza Budapest in 2021 and the signing of Kimpton Budapest.

Currently, IHG Hotels & Resorts has four properties in Hungary with three more in the pipeline.