$2 019 000 Hungary, Budapest, Andrássy út

For Sale: Boutique Aparthotel Development Project – Central Budapest
A unique opportunity to acquire a fully approved boutique aparthotel development project located in the historic core of Budapest, within the highly sought-after District VI. This offering combines architectural heritage with modern hospitality potential in one of Europe’s most dynamic tourism markets.
Project Overview
This development involves the transformation of an existing property into a high-quality aparthotel concept designed for both short- and long-term stays. The project includes preservation of a historic façade while delivering a completely modernized interior and newly constructed extensions.
Plot size: 481 m²
Total built area: 1,257 m²
Units: 35 serviced apartments (22–25 m² each)
Additional features:
Café space (43 m²)
Rooftop terrace (42 m²)
Landscaped courtyard (100 m²)
The project already holds a valid building permit and approved construction plans, enabling immediate development execution
Currently, the site consists of two buildings with a total area of approximately 355 m². As shown on page 2 of the provided document, the front building features a historic façade to be preserved, while the rear structure is planned for demolition to allow for optimized redevelopment
The future aparthotel is designed to meet modern traveler expectations, combining:
Efficient studio layouts with kitchenette and workspace
Flexible rental strategy (short- and long-term stays)
Contemporary architectural addition integrated with heritage elements
Visual concepts on pages 9–10 illustrate high-quality interiors and a refined exterior design that enhances the surrounding urban environment
Situated in central District VI, the property benefits from:
Proximity to major cultural and tourist attractions
Excellent public transport connections
Walking distance to restaurants, cafés, and retail amenities
As outlined on pages 5–6, the area offers strong infrastructure, including shops, schools, and vibrant nightlife within minutes walk.
Budapest continues to experience strong tourism demand, with steady long-term growth and increasing international visitor numbers. The aparthotel model provides:
Higher operational flexibility compared to traditional hotels
Strong occupancy potential year-round
Competitive average nightly rates in the surrounding area
Prime central location in a high-demand district
Fully approved project with immediate development readiness
Efficient unit mix tailored to modern travelers
Attractive yield potential in a growing tourism market
Blend of historic charm and contemporary design
This is a rare opportunity to acquire a ready-to-develop hospitality asset in central Budapest, combining minimal permitting risk with strong upside potential. Ideal for investors, developers, or hotel operators seeking entry into one of Europe’s most attractive urban markets.