Source: IHG

Munich - IHG Hotels & Resorts, one of the world’s leading hospitality companies and WING, a leading property development and investment group in Central Europe, are proud to announce the signing of Hotel Indigo Budapest Andrassy and Holiday Inn Express Vagohid. Signed at real estate trade fair, EXPO Real 2023, both properties mark brand debuts to Hungary, demonstrating investment and growth in the premium and essentials hotel segments.

In the city’s sixth district, Hotel Indigo Budapest Andrassy will open in the second quarter of 2028, with 103 guest rooms, a bar and a restaurant. The property will enjoy a prime location on the tree-lined boulevard, Andrassy Avenue, which was recognised as a world heritage site in 2002, close to the new museum quarter in the City Park. This signing is thelatest addition in the rapid growth of the Hotel Indigo brand, which has 145 open hotels and a 128-strong pipeline globally - introducing itself to must-visit destinations around the world at a rapid rate, capturing the spirit of local neighbourhoods everywhere.

Holiday Inn Express Vagohid is set to open in early 2027 in district nine, with 162 guest rooms. Situated in the southern part of the city, the hotel will be amongst businesses, close to the National Theatre, MUPA Budapest theatre and the athletic stadium, which recently hosted the World Athletics Championships. Holiday Inn Express is the world’s largest hotel brand, with more than 3,000 open properties globally, and over 330,000 rooms, spanning in excess of 50 countries.

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. Mrs Willemijn Geels, VP Development, Europe, IHG Hotels & Resorts
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. Noah Steinberg, the Chairman and CEO of WING

These hotels follow the signing of Kimpton Budapest and the opening of Crowne Plaza Budapest in 2021. IHG Hotels & Resorts currently has four* hotels in Hungary, operating under the InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts and Holiday Inn Hotels & Resorts brands, with an additional three* hotels in the pipeline.

Visit the IHG Hotels & Resorts team at EXPO Real, Hall A1, Stand 143.

*Numbers as at 30 June 2023

About WING

About WING

WING is a leading property development and investment group in Central Europe. It has significant market shares in the property markets of Germany, Poland and Hungary. WING is the majority owner of Poland’s largest property developer, ECHO Investment, which is listed on the Warsaw Stock Exchange, as well as of BAUWERT, Germany’s leading residential and commercial property developer. WING is one of the largest property developer and investor companies in Hungary. In Germany, Poland and Hungary, WING has a total of 5.17 million m2 of floorspace in its development portfolio.

The group is a reliable long-term partner for leading corporations active in the Central European region. It has a stable financial background and has successfully issued property bonds. The company’s objective is to develop world-class and environmentally friendly properties that will enhance communities and the environment with new functions, as well as people-oriented, liveable and inspiring spaces.

Founded in 1999, WING is active in all segments of the real estate market, with industrial and retail projects, hotels and residential developments forming part of its portfolio, besides office projects. In the course of its operation, it has invested nearly 750 billion HUF in real estate development in Hungary, covering a total of approximately 1.35 million m2 of real estate.

For more information please visit: www.wing.hu/en,

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 17 hotel brands and IHG Rewards, one of the world's largest hotel loyalty programmes, IHG has over 6,000 open hotels in more than 100 countries, and a further 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 350,000 people work across IHG's hotels and corporate offices globally.

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Tieran Bhuhi
+44 (0) 7976 178 485
IHG