Ruby Hotels GmbH, luxury boutique brand founded in 2013 and based in Munich - Germany, boasting a lean organisational structure and concentration on the essentials, creating a contemporary, affordable form of luxury for modern, cost and style - conscious customers has revealed its first project in Budapest, Hungary with the future opening of a hotel located within the Corvin Palace in department store in the captivating Hungarian capital situated on the banks of the Danube River.
Corvin Palace, a department store and listed building from 1926 is located at Blaha Lujza Square, right in centre of Budapest, within a short distance of Hungarian National Museum and Dohany Street Synagogue, five minutes's walk from Rakoczi Square underground station and just 350 metres from the Museum of Applied Arts and the mixed – use conversion will future an accommodation of Ruby Hotels featuring 181 rooms alongside retail and F&B outlets.
The construction is set to begin in late 2025, with the hotel's opening anticipated by the end of 2026, the accommodation will spread across four floors of Corvin Palace with public areas, including a bar and lounge located on the fifth floor.
The Associate Director of development for northern and central Europe at Ruby Hotels Elena Günther - Jakobs said that Budapest is a city of incredible energy and creativity, making it an ideal destination for Ruby Hotels' target group.
The hotel market in Budapest shows sustainable growth and offers a lot of potential for the company "Lean Luxury" concept, believing to fill a gap in the market for stylish, high - quality, yet affordable hospitality options.
There is enthusiasm to continue a great collaboration with the Balogh family to bring Ruby Hotels' unique blend of style, functionality, and affordability to Eastern Europe.
The co - owner of Corvin Palace Olivér Balogh said that the Ruby's "Lean Luxury" concept is the future of hospitality in a city like Budapest, with Time Out Market Budapest opening in Corvin Palace alongside Ruby, there is the perfect tenant mix for the heritage building to celebrate its 100th birthday in 2026.
Link - https://boutiquehotelnews.com/news/hotel/ruby-hotels-hungary/
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