W Hotels has announced plans to enter the Hungarian market with the opening of the W Budapest. Set to open in 2020, the hotel will be located along Andrassy Avenue, a UNESCO World Heritage Site, also referred to as Budapest’s Champs-Elysees, with access to the State Opera House and local shopping.
The hotel will be housed within Drechsler Palace, which will undergo a full renovation. Featuring 162 guestrooms and suites, the hotel will include W’s signature Extreme WOW suite as well as the brand’s distinctive W Living Room, Away Spa, FIT fitness center, WET pool, restaurant, and destination bar. The Great Room will be featured among the hotel’s three meeting and event spaces.
With a portfolio of 50 global properties, W is on track to reach 75 hotels by 2020.