Situated in the heart of the cultural and shopping district, the property is on the doorstep of Budapest's heralded historic sites and minutes away from the glittering Danube River.
"It is an absolute privilege to open the first Ritz-Carlton hotel in Hungary," says Herve Humler, President and chief operations officer, The Ritz-Carlton.
"The Ritz-Carlton service standards are globally recognised and we're delighted to bring them to a new market. Budapest is an extraordinary city and perfectly placed to welcome the newest property in our portfolio".
The Ritz-Carlton, Budapest, is housed within a protected historic building, located on Elizabeth Square, with views over St Stephens Basilica. Constructed in 1914 as the headquarters for an Italian insurance company, the building has seen many incarnations, but today it opens as a luxury property with 170 elegantly appointed rooms and 30 suites.
Whilst many of the building's original architectural details have been retained, including elegant statues on the exterior walls, the interiors offer guests a spacious and relaxed contemporary environment, inspired by the cool colours and swirling water of the Danube River.
The Ritz-Carlton Club Level is situated on the 8th and 9th floors of the property, allowing guests an elevated experience and an additional sanctuary, with dedicated concierge, plus complimentary food and beverage presentations running throughout the day.
"The 'Pearl of the Danube', Budapest is perfectly located as the European gateway to travellers whether coming for business or leisure," says Herve Humler.
"But not only are we looking forward to welcoming our guests and sharing our vision and service standards; we are also excited to become an integral part of the thriving, vibrant city itself".