Hilton to Manage New Hotel in Danube River Spa Town - Visegrad, Hungary

Hilton has signed a management agreement with Tourist Projects 2004 Ingatlanhasznosító Kft for the 230 room Hilton Visegrad in Hungary. The hotel is scheduled to open in early 2009.

Located on the banks of the Danube River less than forty minutes drive north of Budapest, Hilton Visegrad will feature approximately 230 guest rooms offering panoramic views, two restaurants, a lobby bar and a pool bar, five meeting rooms and a ball room. The hotel will capitalize on local thermal spring water and will have a full-service wellness centre comprising indoor and outdoor pools, spa and fitness facilities.

Mr Wolfgang M. Neumann, President for Hilton Europe & Africa, said, “Travel in Hungary is booming, driven by the maturing domestic economy and a sharp increase in international visitors. Given its spectacular location within easy reach of the capital, Hilton Visegrad is poised to become an important pre- and post touring destination for travellers to our two other Hilton hotels in Budapest as well as a conference hot spot for local businesses.”

The Hilton Visegrad will be located 2.5 kilometers to the north of Visegrad and 500 metres from the open-air Lepence baths, noted for their medicinal spring waters. Built on the site of a former stone mine and carved deep into a steep hillside, it will offer panoramic views over the surrounding countryside, the Visegrad Castle and the River Danube.

Visegrad is a vibrant tourist town widely recognized for its outstanding natural beauty and for the early Renaissance ruins of the King Matthias Corvinus’ summer palace and the Medieval Citadel. The town has recently been listed for UNESCO World Heritage status and is undergoing major revitalization. There are plans for ports and marinas, further spa facilities, a golf course and a riding and sports facilities.

Tourism is a major source of activity in the region and between 2000 and 2005 room nights grew from 27,000 to almost 100,000. The domestic market accounts for 83% of all room nights, followed by Germany (4.8%), Japan (3.9%), and Austria and Belgium both with approximately 1% of the total.

Hilton operates two other hotels in Hungary, both of which are located in Budapest.

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