Hospitality group Accor is adding to its presence in Hungary with the signing of Swissôtel Budapest Lagoon. This flagship project is the result of a partnership between Accor and the Swiss development company Forty Management. The property is set to open in 2028, becoming Accor’s first Swissôtel address in the country.
Featuring 200 rooms and apartments overlooking a state-of-the-art man-made lagoon by the Danube River the ESG-conscious project is set to become a beacon of innovative hospitality in the region. The Central District Lagoon City is a green, urban reconversion of a former industrial area, and will be 100% self-sustainable in terms of its energy needs thanks to environmentally friendly technologies, such as solar panels and heat pumps.
Founded in 1980, the premium Swissôtel brand is deeply rooted in the best traditions of Swiss hospitality. Respected for its intuitive design, authenticity of place, craftsmanship and purposeful approach to sustainability, Swissôtel infuses guests with the vitality of Alpine energy and inspiration to explore the world, discover life’s true rewards and embrace opportunities to live the good life.
The brand-new Swissôtel property will serve as the hospitality hub for the Central District Lagoon City, a vibrant community built around a 10,000 sq m artificial lagoon with crystal-clear water and 3,500 sq m of sandy beaches.
Swissôtel Budapest Lagoon is a flagship project for us in Central and Eastern Europe. By combining Swissôtel’s standards and a unique experience with the Central District Lagoon City’s vision of an urban retreat powered by technological innovation and a commitment to good living and sustainability, we are poised to offer the region an exciting preview of the future of hospitality – said Frank Reul, Vice President – Development Accor Premium, Midscale & Economy “Eastern Europe, Balkans, Italy & Greece”.
Central District Lagoon City is developed by Forty Management, a Swiss real estate developer of innovative mixed-use projects and urban reconversion, 100% owned by Romanian entity Forty Management S.A.
“At Forty Management, we have always prioritised uncompromising quality and innovation in all our real estate projects. Our partnership with Accor in developing the Swissôtel Budapest Lagoon exemplifies this commitment, combining our local expertise with Accor’s unmatched standards of service and hospitality. This collaboration not only elevates our project to the highest international standards but also marks a significant step in our strategy to expand our mixed-use urban regeneration project Lagoon City, abroad, ensuring that our developments continue to set benchmarks in the industry.” – commented Lucian Azoitei, Founder & CEO at Forty Management.
The development will be situated on the eastern bank of a secondary branch of the Danube, in the charming Pesterzsébet district of Budapest, the capital city of Hungary. To support the development of the project, the Budapest municipality will enhance the adjacent promenade area and will introduce boat taxi rides for hotel guests, offering convenient access to the city centre, with all its astonishing cultural attractions, magnificent historical sights, and business destinations.
Swissôtel Budapest Lagoon boasts exclusive access to the private lagoon with its beach area, which during winter will be transformed into an ice-skating ring. The hotel will feature 200 rooms and apartments, two restaurants, a lobby bar, spa, wellness and fitness facilities, and a conference venue, as well as a car park for 200 spaces.
The project has been coordinated with the support of Mircea Ioan Drăghici from Est Hospitality Consulting with over 23 years of experience in hospitality, expertise in hotel operations, consulting and government-level engagement.
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