Ablon Group Limited, a leading real estate owner and developer in Central and Eastern Europe, announces the opening of its first hotel development in Budapest.

The Courtyard by Marriott Budapest City Center Hotel officially opened yesterday and consists of 235 rooms in a newly built contemporary building that combines modern comfort and traditional refinement.

It is a four-star hotel with a beautifully restored historic façade located in one of the busiest squares of Pest, Blaha Lujza square, at the heart of the Hungarian capital.

In addition to the hotel, the Ablon development includes 5,500 square metres of retail space, expected to open in the near future. The project also consists of 295 parking places already open to the public.

Uri Heller, Founder and chief executive officer of Ablon, commented: "Ablon Group has a long and successful track record developing new office and commercial properties of the highest standards in Budapest. With the development of our first hotel, we have found an opportunity to leverage our expertise and apply it to the hospitality industry in partnership with the leading hotel group Marriott International."

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