The new hotel brand Radisson Individuals will be introduced in Budapest from the end of summer under a franchise agreement. The agreement was concluded between Danubius Hotels Zrt. and Radisson Hotel Group regarding the recently renovated Erzsébet Hotel.
With this addition, the portfolio of the Danubius Hotels chain, which operates 16 properties, now includes five brands, among them Hilton Budapest. The group, owned by the British CP Holdings, has invested 50 billion forints (EUR 140 million) over the past five years alone in the modernization of around 1,000 rooms and suites in Budapest, Bükkfürdő, Hévíz and Balatonfüred.
As a result, 70% of the chain’s more than 4,000 rooms in Hungary now meet the latest standards.