Parisi Udvar Hotel Budapest Officially Joins The Unbound Collection by HyattThe Unbound Collection by Hyatt

USA, Chicago, Illinois. July 03, 2019

Hyatt Hotels Corporation (NYSE:H) announced today the opening of Párisi Udvar Hotel Budapest as part of The Unbound Collection by Hyatt, following major restoration and full-scale renovation. The hotel is managed by Mellow Mood Hotels. It features 110 guestrooms and is situated on Ferenciek Square, between the River Danube and the bustling city center.

As part of a collection of distinct hotels with their own unique stories, Párisi Udvar Hotel Budapest will offer an ideal location from which to explore the city's rich history. Once home to Budapest's most fashionable shops and cafés, the one-of-a-kind building has continuously evolved; from the shopping destination inspired by the Parisian ‘Passages des Panoramas' that gave the hotel its name, to Budapest's Central Savings Bank in 1906. Today it reopens, transformed into a palatial hotel, offering a novel, story-worthy experience and sense of place in the heart of Budapest.

The hotel incorporates elements from Arabic, Moorish and Gothic design, representing Hungary's fascinating past. The original façade, staircases and decorative tiles have been carefully preserved and the guestrooms feature tailor-made, Hungarian-crafted furnishings. Entering from the street or the lobby, visitors to the hotel's restaurants and cafes will see its original iconography, including the Central Savings Bank mascot, the honey bee. Popular points of interest near the property include the State Opera House, Chain Bridge and St. Stephen's Basilica.

"We are proud to open this extraordinary property to travelers looking for a one-of-a-kind experience," said Tamas Fazekas, general manager of Párisi Udvar Hotel Budapest. "The hotel represents Hungary's impressive architecture and craftsmanship; a place which residents and travelers have treasured for decades. We are looking forward to welcoming guests to the hotel and letting them discover the stories of the location and, possibly, find their own new ones."

"Párizs Property Kft and Mellow Mood Hotels are excited to work with The Unbound Collection by Hyatt brand," said Zuhair Awad and Sameer Hamdan, both Managing Directors at Mellow Mood Hotels. "We are very proud to open this renowned landmark building and to give it back to Budapest. We expect its rich history and stunning architecture will deliver memorable stays for the modern travelers."

Guestrooms

The hotel's 110 upscale and spacious guestrooms will ensure guests have the ultimate stay. Each palatial Art Nouveau guestroom has been elegantly designed with decorations by Hungarian contemporary artist Agnes Toth, inspired by Gothic, Moorish and Oriental styles to guarantee that guests have an unconventional stay.

There are 18 luxurious suites and two Royal Residencies including the spacious Budapest Residence situated at the top of the hotel, which provides guests with stunning views of the city and a terrace to relax and watch the sunset.

Dining and Drinking

Párisi Udvar Hotel Budapest offers two unique dining options, each with their own style and space. The hotel's main restaurant, the Párisi Passage Cafe & Brasserie, serves international cuisine but also local and international wines in a cosmopolitan dining area. It is made complete with an open kitchen, allowing guests to interact with the chefs in a relaxing yet lively atmosphere. The Patisserie & Café, best known for its signature dark chocolate dessert, Párisi kocka, will serve hand-crafted juices, artisan coffee and traditional Hungarian pastries. By evening it transforms into a stylish cocktail bar.

Wellness

The highly trained therapists at the hotel's Zafir Spa will use locally inspired treatments to leave guests feeling fully rejuvenated. For guests looking to stay active during their stay, a modern, fully-equipped fitness center will be open 24 hours a day.

Meetings and Events

Párisi Udvar Hotel Budapest features four distinctive multi-functional meeting and event spaces spanning more than 3,229 square feet (300 square meters) which can accommodate up to 160 guests. Each space is equipped with contemporary conference facilities and the latest audio-visual technology. The venue caters for every request, from small intimate events in the hotel's courtyard to special occasions for up to 90 guests in the hexagon-shaped Párisi Salon. Planners can also select the Budapest Salon, located on the Mezzanine floor, which perfectly overlooks the stunning Párisi passage.

Párisi Udvar Hotel Budapest is the fourth property to open in Europe as part of The Unbound Collection by Hyatt. It joins Hôtel Martinez in Cannes, Nish Palas in Istanbul, Turkey, Hotel du Louvre in Paris and Hotel SOFIA Barcelona, in Spain.

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