Ablon Group Celebrates First Hotel Opening
Marriott Ablon Group Limited, a real estate owner and developer in Central and Eastern Europe, today announces the opening of its first hotel development in Budapest.
June 3, 2010 - Marriott Ablon Group Limited, a real estate owner and developer in Central and Eastern Europe, today announces the opening of its first hotel development in Budapest.
The Courtyard by Marriott Budapest City Center Hotel officially opens today and consists of 235 rooms in a newly built contemporary building that combines modern comfort and traditional refinement. It is a four star hotel with a beautifully restored historic facade located in one of the busiest squares of Pest, Blaha Lujza square, at the heart of the Hungarian capital. In addition to the hotel, the Ablon development includes 5,500 square meters of retail space, expected to open in the near future. The project also consists of 295 parking places already open to the public.
Uri Heller, Founder and Chief Executive of Ablon, commented: “Ablon Group has a long and successful track record developing new office and commercial properties of the highest standards in Budapest. With the development of our first hotel, we have found an opportunity to leverage our expertise and apply it to the hospitality industry in partnership with the leading hotel group Marriott International. We are convinced that the hotel will prove a favourite destination for international business visitors and tourists alike.”
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
