The Ritz-Carlton Hotel Company and Al Habtoor Group, the UAE based conglomerate, signed an agreement for opening of the first property from the luxury brand in the Hungarian capital. “Hungary represents the next great international expansion opportunity for The Ritz-Carlton,” said Herve Humler, President and Chief Operating Officer.
Located in the heart of Budapest, the 192 room hotel overlooks Erzsébet square with commanding views of St Stephen’s Basilica. The property will undergo an extensive renovation set to commence at the beginning of 2016 and is due for completion in the second quarter, making it a stunning member of a portfolio of hotels known for its exacting service and exceptional attention to detail.
“We are delighted to be partnering with the Ritz-Carlton for such an exquisite property to build on our unique portfolio of hotels. We are bringing together two of the best names in the business, both dedicated to offering world-class luxury and hospitality. We look forward to welcoming guests to experience the renewed property in early 2016, said Mohammed Al Habtoor, Vice-Chairman and CEO, Al Habtoor Group.
The Ritz-Carlton Hotel Company adds another European capital to the growing portfolio of destinations in which global travelers will find the luxury hotel company’s award winning service, due to reach 100 hotels by the end of 2016.