The 162-room W Budapest will debut in the Hungarian capital in 2020. The property will be housed in the city's iconic Drechsler Palace, which will be fully renovated.
The hotel will have a restaurant and bar; a W Living Room, the brand's signature lobby; and three meeting spaces, including a Great Room. Other offerings will include an Away Spa, a FIT fitness center and a WET pool.
"W Hotel's bold and vibrant take on luxury continues to expand into some of the most exciting destinations in Eastern and Central Europe," said Carlton Ervin, Marriott International's chief development officer, Europe. "The signing of this landmark hotel in Budapest matches the rising demand of luxury traveler and underpins our commitment to growing our portfolio in the region."
The 1890s palace, also known as the Ballet Institute, is across the street from the Hungarian State Opera House; it has been unused for more than 10 years. Marriott is working with QPR Properties Kft, part of Constellation Hotels Holding Ltd, to redevelop the building.
"Budapest has secured a spot as epicenter of European travel with the convergence of creative communities combined with a thriving economy, making this city the perfect fit for the innovative edge of W Hotels," said Anthony Ingham, global brand leader, W Hotels Worldwide. "This vibrant city remixes historic tradition with a modern twist -- the perfect backdrop to offer guests and locals alike a dynamic scene that shakes up the traditional and embraces the avant-garde."