FM newsroom – hospitality market, property management. The historic Budapest Marriott Hotel, a prominent landmark overlooking the Danube River, has been acquired by a Hungarian consortium composed of BDPST Group and Diorit Private Equity Fund, managed by Gránit Asset Management. The transaction, carried out via an open international tender, marks a significant development in Hungary’s hospitality investment landscape.
Landmark Hotel Changes Hands in Strategic Deal
The acquisition involves the joint purchase of Duna Szálloda Zrt., the company owning the hotel, by BDPST Corso Béta Kft. and Liberty Beta Corso Kft. CPI Europe organised the transaction. The deal is currently pending regulatory approval and other customary closing conditions, as reported by Property Forum.
The Budapest Marriott Hotel, originally opened in 1969 as the Hotel Duna InterContinental, continues to be operated by Marriott International. The property spans approximately 27,600 sqm and features 364 rooms, primarily catering to business travellers.
Investors See Long-Term Potential and Synergies
The new owners plan to enhance the hotel’s services and integrate operations with their broader portfolio of real estate assets.
István Tiborcz, owner of BDPST Group, emphasised the strategic nature of the acquisition:
“This is one of the best-equipped hotels in the city. We see serious potential in its operation, which also provides opportunities for group-level synergies with our other downtown sites. As a professional and financial investor, we will work to ensure that the Budapest Marriott Hotel operates successfully in the long term.”
Álmos Mikesy, President and CEO of Gránit Asset Management, highlighted the property’s appeal as both a core income-generating asset and a long-term opportunity:
“The property is in a top location in Budapest and has stable income-generating capacity, while thanks to its unique features, it also has great potential.”
BDPST Group continues to expand its presence in real estate, logistics, and finance, with a focus on landmark developments in the region. Gránit Asset Management, which manages nearly €3 billion in assets, adds the Budapest Marriott to its growing portfolio of premium investments.
Image: marriott.com
