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City Hostel in Budapest, the upcoming offering of British businessman Ceawlin Thynn’s premium hostel chain Wombat’s Holdings, is expected to tap into growing demand among tourists for modern, comfortable but affordable lodgings in city centres.
Situated on the newly redeveloped Kiraly Street, buzzing with restaurants, shops and bars, the site of the City Hostel is a short walk from the main transport hub in Deak Square. Also within easy walking distance are all the city’s main attractions, including the State Opera, Andrassy Boulevard, the Cathedral, the Synagogue, Heroes’ Square, the Music Academy, the upmarket Liszt Ferenc Square, and the main shopping area of Vaci Street. The hostel is due to open on 1 June 2012.
Wombat’s Holdings GmbH – a high quality hostel chain already covering Berlin, Munich, Vienna – is widely regarded as the premium product in the industry having been voted best in the world by customers of Hostelworld in 2006, 2007, 2008 and 2009. British businessman Ceawlin Thynn, whose interests span the leisure, real estate, hospitality and financial services sectors, became Executive Chairman of Wombat’s in 2010 having acquired a majority stake in the business.
Ceawlin Thynn now plans to expand the company’s offer – currently five hostels – to include units in London, Paris, Barcelona, Madrid, Rome and Prague.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
