Marriott International, in collaboration with Market Asset Management Zrt. (MAM), is redeveloping Budapest’s iconic former Hotel Budapest, known as “Körszálló,” into Marriott Residences Budapest. This project will be Hungary’s first branded residential development, transforming the distinctive cylindrical landmark into 48 private branded residences.
The concept combines architectural heritage with modern design, advanced technical systems, and sustainable solutions, setting a new standard for ultra premium living in the capital.
The original concept for the building, crafted in the 1960s by Ybl Prize-winning Hungarian architect György Szrogh of KÖZTI Zrt., has been reimagined by the same architectural studio six decades later.
KÖZTI Zrt., alongside BWM Designers & Architects for interiors, ensures the preservation of the building’s unique character while integrating contemporary functionality.
The development will feature 146 parking spaces and a suite of resident amenities, including a fitness center, wellness area, lounge, concierge service, 24-hour security, cinema, meeting room, communal workspace, and a private bar.
Jaidev Menezes, Regional Vice President, Mixed-Use Development, EMEA at Marriott International, emphasised the project’s significance: “We are proud to sign an agreement with MAM to bring the legacy and trusted service of the Marriott brand to a limited number of private homes within this iconic former hotel that will continue to be a definitive structure of Budapest.”
Julien Laloye, Senior Director, Mixed-Use Development EMEA at Marriott International, added, “I am personally delighted to announce the signing of Marriott Residences Budapest, Hungary’s first ever branded residential development! Our partner Market Asset Management Zrt. will be redeveloping the iconic former Hotel Budapest into a standalone residential project offering a cutting-edge design, carefully crafted private homes and extensive residential amenities, all managed by Marriott International under our legacy Marriott brand.”
Residents will gain access to ONVIA, Marriott International’s owner recognition platform, which includes privileges such as Marriott Bonvoy.
This enhances the ownership experience with exclusive benefits tied to Marriott’s global network.
Marriott Residences Budapest signals a new chapter for Hungary’s premium real estate market.
By preserving the architectural legacy of the former Hotel Budapest while introducing world-class amenities, design and Marriott’s renowned service, the development promises a world class residential lifestyle in the heart of the city.
Marriott Residences Budapest
These ultra-premium, panoramic residences showcase outstanding architectural and technical quality, enhanced by the world-class hospitality for which Marriott is renowned. Concierge services, fitness and wellness facilities, thoughtfully designed shared spaces — including a media room, lounge, and co-working area — as well as 24/7 security, all contribute to a truly elevated living experience.
Through its full-scale transformation, the building will retain its original cylindrical architectural character, while offering a refined, contemporary lifestyle to future homeowners.
Market Asset Management Zrt (MAM)
Market Asset Management Zrt., established in 2019, is a key player in Hungary’s real estate sector. As a subsidiary of Market Építő Zrt., a construction leader since 1996 with over 1,000 completed projects, MAM brings substantial expertise and resources to the venture.
The company’s focus on high-rise construction and its dynamic growth position it as a trusted partner for this ambitious project. VISIT MAM
Marriott Residences
Marriott Residences, operated by Marriott International, offers luxury branded residences in some of the world’s most sought-after destinations. These whole-ownership properties, spanning 16 distinct brands, include luxury villas, high-rise condominiums, and slope-side townhouses, catering to discerning buyers seeking primary homes or vacation retreats.
Celebrating 25 years in the branded residences sector, each residence reflects Marriott’s commitment to superior design, exceptional service, and brand-specific aesthetics, ensuring a lifestyle aligned with its hospitality heritage.
Residents benefit from exclusive amenities such as global concierge services, private cinemas, spas, fitness centers, and in-residence dining, alongside access to ONVIA, Marriott’s owner recognition platform offering privileges like Marriott Bonvoy Elite status.
The portfolio emphasizes meticulous craftsmanship and operational excellence, with dedicated staff trained to provide personalized service.
While Marriott does not own or develop these projects, it collaborates with developers to maintain high standards.
IMAGES USED COURTESY OF Market Asset Management Zrt
