• Home
• Channel: Property
• Ballet Institute Across Budapest Opera To Be Converted Into 5-Star Hotel

Ballet Institute Across Budapest Opera To Be Converted Into 5-Star Hotel

• 26 Feb 2021 9:15 AM
• Hungary Around the Clock

QPR Properties is working with Marriott to redevelop the Drechsler Palace, which will be fully converted to a five-star hotel by 2022, Portfolio reports.

The facility opposite the Opera House on Andrássy út will be the first W hotel in Hungary, a Marriot luxury lifestyle brand targeting the younger generation.

Building services group DVM has begun the reconstruction of the Neo-Gothic, French Renaissance-style building designed by Ödön Lechner and Gyula Pártos in the 1880s, which for a time was home to Hungary’s Ballet Institute, but has sat unused for two decades.

DVM’s references include the Eiffel Palace, the Ybl Villa, the US embassy and the Bank of China building in Budapest.

The company will work to restore the 16,000m2 palace under cultural heritage protection to its original form with ground-breaking engineering and electrical features.

The hotel will feature a restaurant and bar, an Away Spa, a FIT fitness centre and a WET pool.


MTI Photo: László Róka

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Drechsler Palace Hotel QPR Properties Budapest Opera

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

New Luxury Hotel Opens in Budapest's Former Ballet Institute

• 12 Jul 2023 10:06 AM

The long-empty Drechsler Palace, former home of the Ballet Institute on Andrássy út opposite the Opera Hose, has reopened as the W Budapest Hotel operated by the Marriott Bonvoy chain.



Insider’s Guide: Opera House in Budapest

• 21 Jun 2023 7:13 AM

On Budapest’s showcase boulevard of Andrássy út, the ornate State Opera House has recently been completely renovated. This architectural marvel now sparkles anew, standing as a testament to the city’s rich musical heritage.



Top 10 Districts for Expats to Live in Budapest

• 19 Jun 2023 3:47 PM

In terms of location and attractions, the most popular neighbourhoods for expats to live in Budapest are Districts V, VI, VII and XIII in Pest, and Districts I, II, XI and XII in Buda.



Insider’s Guide: St Stephen’s Basilica in Budapest

• 13 Jun 2023 10:01 AM

Our wonderful capital is home to a stellar selection of architectural wonders. Continuing our new series, we explore the fascinating stories and key facts about these remarkable structures. Here we put the spotlight on St Stephen’s Basilica, Szent István Bazilika to Hungarians.