MANDARIN ORIENTAL ANNOUNCES A NEW PROJECTIN BUDAPEST, HUNGARYHong Kong, 20 December 2023 -- Mandarin Oriental Hotel Group has announced a newbenchmark in luxury hospitality in one of Europe’s most culturally-rich cities, following therenovation and rebranding of the former Gellért Hotel in Budapest. The renamed Mandarin
Oriental Gellert, Budapest is expected to open in 2027 as a reimagined Art Nouveau
architectural gem with a focus on wellness.
The landmark property, which is owned by BDPST Group, first opened in 1918 as one of theHungarian capital’s most iconic purpose-built grand hotels, located on the Buda side of the cityand just a short walk to the Liberty Bridge, connecting Buda with Pest.
The all-encompassing restoration of the Gellért Hotel builds upon Mandarin Oriental HotelGroup’s successful track record of redeveloping landmark properties with historic significanceincluding Mandarin Oriental Ritz, Madrid, Mandarin Oriental Savoy, Zurich and Mandarin
Oriental Palace, Lucerne.
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Page 2Laurent Kleitman, Mandarin Oriental Hotel Group’s Chief Executive, explains:“We will take the same meticulous approach in Budapest as we have with our other historic
properties, ensuring that we honour and respect local artisanal craftsmanship and Hungariancultural heritage, while incorporating the finest luxury, contemporary comfort andsustainability standards for which Mandarin Oriental is renowned.”“We are excited to be bringing Mandarin Oriental to Hungary for the first time, and to witness
this true legend of European hospitality rise again, enabling future generations of discerning
travellers to craft their own stories and experiences from within its famous walls. Mandarin
Oriental Gellert, Budapest, together with our property in Prague and our recently announced
project in Vienna, will form a compelling trinity of destinations for our fans in central Europe,”
continued Laurent Kleitman.
“The Gellért Hotel is perhaps the most iconic building in Budapest, one that is close to thehearts of most Hungarian people. While we view it as an exciting real estate development
project, we also bear tremendous responsibility towards both the building and its history, as
well as the residents of Budapest. That's why it was particularly important for us to entrust theoperation of this historic building to a company of such caliber. The Mandarin Oriental, aluxury hotel brand with over 60 years of experience, meticulously combines this expertise withthe culture of the respective country, highlighting unique design elements while respecting theheritage and Hungarian roots of the Gellért Hotel,” said István Tiborcz, owner and Presidentof the BDPST Group. “Value preservation and creation have always been of paramountimportance to the group, so our goal is to restore the former glory of the Gellért Hotel, passing
it on to future generations,” he added.
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Mandarin Oriental Gellert, Budapest will become the city’s most luxurious leisure destination,with a focus on wellness, driven by the city’s well known thermal bathing culture which dates
back to Roman times. With its strong reputation for wellness experiences around the world,
Mandarin Oriental will revive this feature and craft a new spa destination for its fans.
London based interior design studio, Alexander Waterworth, will oversee the timeless andelegant transformation of the 143 guestrooms and suites, wellness areas and public spaces.
Amongst the studio’s most recent projects is Mandarin Oriental, Costa Navarino.
The Spa at Mandarin Oriental Gellert, Budapest will feature seven experiential areas offeringcontemporary wellness and aesthetic treatments. These include exclusive bathing experiences
which will mix the Group’s signature Asian therapies with Eastern European spa and beauty
treatments that celebrate Hungary’s historic bathing and spa culture.
Mandarin Oriental Gellert, Budapest will also offer a Fitness and Movement Studio as well as
an indoor pool on the top floor, positioned under a retractable glass ceiling with a vitality tub,sauna, cold plunge pool and outdoor relaxation area. It adjoins a rooftop bar with panoramic
views of the Pest side of the city and the famed Danube River.
Large open areas on the hotel’s ground and first floors are set to accommodate an indooroutdoor speciality restaurant, again featuring scenic city and Danube views. Building on
Budapest’s famed baking heritage, a patisserie and café will serve as a gathering spot for both
locals and visitors, while a spacious, fully restored Art Nouveau ballroom will become a sought
after venue for events.
About BDPST Group
Founded in 2015, BDPST Group is a dynamically growing capital investment company. Its
strategic goal is to become a group of companies with a strong economic vision, cross-sectoral-more-Page 4
and internationally competitive, and an outstanding market performance. The group manages
a number of investments in the tourism real estate market, the financial sector and logistics.
The Group is committed to the principles and practices of economic, social, and environmental
sustainability. Therefore, it seeks investments that meet these criteria and contribute to thepreservation of Hungary's architectural heritage and the creation of value in the real estatemarket.
About Mandarin Oriental Hotel Group
Mandarin Oriental Hotel Group is the award-winning owner and operator of some of theworld’s most luxurious hotels, resorts and residences. Having grown from its Asian roots into
a global brand, the Group now operates 38 hotels and 11 residences in 25 countries andterritories, with each property reflecting the Group’s oriental heritage, local culture and uniquedesign. Mandarin Oriental has a strong pipeline of hotels and residences under development,
and is a member of the Jardine Matheson Group.
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Chris Orlikowski (corlikowski@mohg.com)
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