A fully operational hotel with a building area of 1,943 m² and 16 rooms (of which 13 have already been fully renovated) is for sale in Budapest’s 6th District (Terézváros), just steps from the iconic Andrássy Avenue.The property includes a ground-floor restaurant with 100 seats, direct street access, and all required operational and regulatory permits. Thanks to its excellent location, this hotel represents an attractive investment opportunity in both the present and future tourism market of the Hungarian capital.Location & District Overview – 6th District / TerézvárosThe 6th District is Budapest’s second smallest district and is traditionally known as Terézváros. It is one of the city’s liveliest, most culturally significant and most frequented central districts.District Highlights•
vibrant urban environment•
elegant boulevards and historic residential buildings•
strong tourism demand and high-quality residential surroundings•
renowned cultural and architectural landmarksHistorical BackgroundThe development of Terézváros began in the late 18th century. The district was named after Empress Maria Theresa. During the 19th century, as Pest developed rapidly, the 6th District gained prominence with the construction of impressive boulevards and representative residential buildings.The world-famous Andrássy Avenue, lined with 19th-century palaces in eclectic and neo-renaissance style, has retained its elegance to this day and is one of Budapest’s most prestigious addresses.Cultural landmarks in the district include:•
the Hungarian State Opera House•
the Liszt Academy of Music•
several theaters, such as the Radnóti Theater•
luxury boutiques, embassies, cafés and restaurants along Andrássy AvenueThe neighborhood surrounding the Opera House and Oktogon is one of the busiest and most popular areas for residents and tourists alike.District FactsPostal codes: 1061–1068Population: 35,355 residents (as of January 1, 2025)Population density: 16,178 residents/km²District size: 2.38 km²Established: 1873Purchase PriceEUR 8,565,000plus 4% commission, legal fees and applicable state taxes.For further information or to arrange a viewing appointment, we are always at your disposal. We look forward to your inquiry.