Former Iconic Hotel in Budapest to Become High-Rise Residences
- 21 Jul 2025 1:36 PM
The former Hotel Budapest, a cylindrical high-rise in the leafy Buda part of the capital, will soon be demolished and rebuilt as a residential building, Market Asset Management said.
Demolition will start at the end of August and last until early 2026. The new residential building, faithful to the form of the old hotel, will be completed by the end of 2027.
Market Asset Management, a member of Hungarian construction group Market, bought the Hotel Budapest from Danubius Hotels in the spring of 2024 for an undisclosed price.
Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.
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