Párisi Udvar Wins XXII Hungarian Real Estate Development Award

  • 8 Dec 2020 8:46 AM
  • Budapest Business Journal
Párisi Udvar Wins XXII Hungarian Real Estate Development Award
The reconstruction of Párisi Udvar Hotel Budapest won the award for the best Hungarian Real Estate Development Project, also triumphing in the "Hotel" and "Heritage Protection" categories, according to a press release.

The five-star Párisi Udvar Hotel Budapest, part of The Unbound Collection by Hyatt brand is operated by Mellow Mood Hotels.

After several decades of being vacant, the building opened its gates for the public in May 2019. 

The two owners – Sameer Hamdan and Zuhair Awad – created a luxury hotel, designed by Archikon studio and constructed by Market Építő Zrt. 

The renovation took place over four years.

Párisi Udvar has earned the right to participate in the international FIABCI World Prix d’Excellence competition.

MTI Photos: Márton Mónus

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.