20 December 2022

IHG Hotels & Resorts heralds two new signings in Budapest with BDPST Group, for its Vignette Collection and voco brands

New hotel signings in Hungarian capital Budapest demonstrate IHG’s exciting growth agenda in Europe
IHG Hotels and Resorts Heralds Two New Signings
Signing agreement with Karin Sheppard, SVP, MD, Europe, IHG Hotels & Resorts and István Tiborcz, Owner, BDPST Group

IHG Hotels & Resorts, one of the world’s leading hospitality companies, is delighted to announce two new signings – both brand debuts for Hungary - in the beautiful capital city of Budapest.

The signings are Verno House Budapest, Vignette Collection, which is set to open in summer 2023 under a franchise agreement, and voco Budapest which is due to open in late 2023 with a management agreement. Both properties have been signed with owner BDPST Group, a Hungarian-based capital investment company and one of Hungary’s largest hotel owners and operators within the upscale and luxury hospitality market.

Verno House Budapest, opened on 15th December 2022 as a luxury lifestyle hotel under the Botaniq collection, a lifestyle umbrella brand of BDPST Group. In summer 2023, Verno House will be franchised by IHG Hotels & Resorts to become a Vignette Collection property. The hotel is based in a sought-after city-centre location overlooking Liberty Square, home to many of the city’s diplomatic buildings and close to major attractions such as St Stephen Basilica, Danube Promenade and Andrassy Avenue. The one-of-a-kind 50-key hotel will have a restaurant with bar, a library room which can be used as a flexible meeting space, and a small wellness area and gym.

The 137-key voco Budapest is due to open in December 2023, following a refurbishment of an already operating D8 hotel, currently managed by BDPST Group. Ideal for leisure and business guests due to its central location, there will be a lively restaurant on site which will be the hub of the hotel, and guests can expect many thoughtful touches from cosy bedding made from recycled materials to a locally inspired treat on arrival. Nearby attractions include Vorosmarty Square, home to the city’s most famous Christmas market, which has an abundance of wooden market stalls selling handmade gifts, mulled wine and local delicacies.

István Tiborcz, Owner of BDPST Group said, “It is an honour that IHG Hotels & Resorts chose us to enter the Hungarian market with these two trendy lifestyle brands. We are confident that this partnership will be prosperous for both parties as we will unlock tremendous synergies by working together.  BDPST Group's mission is to create cultural values by opening these two properties and IHG is the right partner with whom to achieve our objectives.”

Commenting on both signings, Karin Sheppard, SVP, MD, Europe at IHG Hotels & Resorts, said, “We are delighted to announce two new signings in the elegant city of Budapest. Hungary is one of several growth areas across Europe for IHG and we are looking forward to working closely with BDPST Group to bring both brands to the forefront of Budapest’s flourishing hotel scene, and welcome guests visiting for leisure, business or indeed both.”

IHG currently has three properties in Budapest; InterContinental Budapest, Crowne Plaza Budapest and Holiday Inn – Budapest Budaörs. Furthermore, Kimpton Budapest is set to open in 2025.

Budapest continues to see a rise in visitors due to its many popular landmarks and attractions which include the architectural melting pot that is Buda Castle; Széchenyi Baths with its colonnades and steaming outdoor thermal pools, and Central Market Hall with its plethora of food outlets.

Ends

For further information please contact:

Julia Farish
[email protected]
+44 7787 058717

About IHG®

IHG Hotels & Resorts [LON:IHG, NYSE:IHG (ADRs)] is a global hospitality company, with a purpose to provide True Hospitality for Good.

With a family of 18 hotel brands and IHG One Rewards, one of the world's largest hotel loyalty programmes, IHG has over 6,000 open hotels in over 100 countries, and more than 1,800 in the development pipeline.

InterContinental Hotels Group PLC is the Group's holding company and is incorporated and registered in England and Wales. Approximately 325,000 people work across IHG's hotels and corporate offices globally.

Visit us online for more about our hotels and reservations and IHG One Rewards. To download the new IHG One Rewards app, visit the Apple App or Google Play stores.

For our latest news, visit our Newsroom and follow us on LinkedIn, Facebook and Twitter.


About Vignette Collection

Vignette Collection, IHG Hotels & Resorts’ first collection brand, is a family of one-of-a-kind properties in sought-after urban and resort locations where guests can indulge in a growing passion for stays that are authentic, experiential and considerate. Here for the next generation of luxury travellers seeking both discovery and purpose, Vignette Collection weaves responsibility, community and locality together for stays that are as distinct as our hotels. The first hotels committed to join the collection include Hotel X Brisbane Fortitude Valley in Brisbane, Australia and The Aquatique Pattaya in Pattaya, Thailand. More than 100 properties globally are anticipated to join over the next 10 years. For more information, visit vignettecollectionhotels.com.

About voco

With 41 properties spanning the globe, voco is IHG’s fastest-growing premium brand, designed to stand out from the crowd and give guests a different choice. The name, voco, originates from Latin, meaning ‘to invite’ and ‘call together’ – reflecting the brand’s thoughtful, unstuffy and charming nature. voco combines familiar comforts with the indulgences of a hotel, to create a location that is dependable, yet not vanilla. An upscale location, but with a laid-back spirit that leaves a lasting impression.

There are three memorable hallmarks for guests throughout their stay at a voco hotels:

  • Come on in - voco hotels create an inviting sense of arrival by gifting guests a locally inspired treat and providing a hosted service style to accommodate preferences
  • Me time - a comfy room is an opportunity to unwind and relax, with indulgent beds, luxury amenities and seamless guest room technology
  • voco life – social vibrancy is the essence of voco’s bar and lounge philosophy, offering spaces where guests celebrate joyful occasions and create lasting memories

voco is built on sustainability and looks after the planet with the same care as we look after our guests. From bedding comprised of recycled materials to biodegradable straws, voco is designed to reduce our impact on the environment.

About BDPST Group

Since its establishment in 2015, BDPST Group has become a dynamically growing capital investment company. The group of companies manages a number of successful investments on the tourism-related real estate market as well as in the financial sector. Capital investments and real estate management constitute the main activity of BDPST Group. Our group performs its activities related to development, investment, hotel management, brand strategy and consultancy through its subsidiaries. Our services span several hotel types including city-centre business hotels, plus castle, wellness and B&B properties. Our continuously growing professional team of recognised experts has decades of experience gained in the hotel and catering industry nationally and internationally. We believe in reasonable and transparent hotel management, offering our clients solutions which are based on international standards, yet remain special and unique.

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