Prestige Hotel Budapest and Costes Downtown

A New, Classy Hotel Combined with Fine Dining in Downtown Budapest

Address: Vigyázó Ferenc utca 5., Bp. 1051, district V.

Prestige Hotel Budapest's facade

The Prestige Hotel Budapest opened in April 2015 in the city centre within a few steps of the Danube and the promenade in Pest.

A historic apartment in Vigyázó Ferenc utca, district V., designed by a Hungarian architect József Hild famous for neoclassicist creations, has been turned into an elegant 85-room hotel.

It has all the modern conveniences with the historic details restored to their original state.

The hotel belongs to the Zara Hotels Group (owned by Mazen Al Ramahi Jordanian businessman) already with two successful hotels in the city,

  • the Boutique Hotel Budapest in Só utca (Váci Street neighbourhood) and
  • the Continental Hotel in Dohány Street.

On top of the first-class, luxury accommodation the hotel gives home to Costes Downtown, the second place of Hungary’s first Michelin-star restaurant‘s after Costes in Ráday Street.

Why Stay at Prestige Hotel Budapest?

prestige hotel budapest lobby01
The marble-floored inner courtyard.

Staying at Prestige Hotel Budapest you’ll find yourself transported back to a magnificent golden age era, often referred to as Belle Époque (Beautiful Era, between 1871 and 1914):

  • a world of endless,
  • new possibilities,
  • technological and scientific discoveries,
  • the glamourous and carefree life of the upper class,
  • and prolific art and cultural life.

If you’d love to stay at an elegant, downtown hotel that combines

  • high-end service with historic ambience reflecting turn-of-the 19-20.-century
  • upper-class milieu and
  • Michelin-star quality dining then the Prestige Hotel is an excellent choice.

The Hild room with 40 seats and ultramodern audiovisual technology is the perfect venue for a conference, business meeting or social event.

Prestige Hotel Budapest is an ideal accommodation whether you visit the Hungarian capital as a tourist or on business.

No amazing panaoramic views of the Danube and Buda so if this is important go for Boutique Hotel Victoria on Bem rakpart (Pest riverside) Marriott, InterContinental, Sofitel Chain Bridge, the Four Seasons Gresham Palace, or the Lánchíd 19 Design Hotel in Buda.

Highlights of the Remarkable Architecture & Interior Design


The former 19th-century mansion designed by József Hild architect has been beautifully renovated to reflect

The lobby area is the focal point of the interior, decorated with IPE Cavalli furniture, wall lamps, and Swarowski crystals mirroring the old-world elegance of the Austro-Hungarian Monarchy.

The wall behind the caramel-colored reception desk is made of unique glass-mosaics handcrafted by Murano artists.

Plenty of light comes in through the glass-roof illuminating the imposing interior of white walls and black marble floor, the stunning Masiero chandelier, and the wrought iron railings of the circular corridors.

Rooms are furnished with sofas and ottomans custom-made in Italy and decorated with premium-quality Harlequin Leonida Velvet fabrics. Every little detail is artfully ornamented from the bed headboards to mirrors or curtain holders

View of the Lobby Area
View of the Lobby Area

The walls in the rooms and in the conference and meeting room are covered with handmade golden silk wallpaper made in London specifically for the hotel.

Gold is prominent in other details too: wall sconces, wall mosaics, shades, accentuating the aristocratic atmosphere.

Ample space and lots of light in the public areas enhance the classic yet tastefully modern feel.

Besides the marvelous decor, lots of thought were put into room comfort. Beds and pillows are comfortable ensuring relaxing sleep and rest.

Location – Right in the Centre, In a Quiet Side Street

Address: Vigyázó Ferenc utca 5., district V., city centre

The hotel is in a small side street, close to the Four Seasons Hotel Gresham Palace and the other riverside luxury hotels (Sofitel, Marriott, InterContinental) at just a short walk form the Danube and the Chain Bridge in the heart of the Pest side of Budapest.

Numerous landmarks are located in the proximity of the hotel: Buda Castle on the other side of the river – just cross the Chain Bridge, take the funicular, or the steps leading up to the castle packed with historic sights, museums, churches, cosy terraced cafes and an amazing panorama.

The Parliament is not far either: you can walk 800 m distance or hop on tram 2 traveling along the river. District V. is also full of restaurants, cafes, bars and shops.

Rooms & Suites

Rooms overlook either the lobby in the courtyard or the street. Those with courtyard view have no window to the outside so some might feel a bit claustrophobic in them.

A Deluxe Room
A Deluxe Room

All rooms feature classy, unique decor and furnishings. Beds are queen or twin with comfortable linens and pillows.

Nespresso coffee maker, bathrobe and slippers, LCD TV, fast Wifi (free of charge), pillow selection, hair drier, complimentary toiletries are the main amenities provided for all room types.

  • Standard Rooms (20-24 m2):
  • Deluxe Room (25 – 28 m2):
  • Executive Room (28 – 35 m2):
  • Prestige Suite (42 – 57 m2):

Eating in the Hotel – Costes Downtown

dark brown chairs, tables and floor in Costes Downtown

The in-house restaurant is another highlight of the hotel since it’s the downtown location of the Budapest’s first Michelin-star restaurant, Costes, in Ráday Street (distr. IX.).

The interior is similarly elegant as the hotel area, though it features a slightly more minimal, cleaner design with Tom Dixon lamps, brown Spanish walnut chairs, show kitchen with gleaming stainless steel surfaces, and a chef’s table.

Pieces of contemporary art by Hungarian painters from the owner’s, Károly Gerendai’s, private collection adorn the walls.

Plants and herbs at various spots and a small garden on the ceiling lend freshness to the restaurant.

food costes downtown

You can enjoy the creations of the Portuguese star chef Miguel Vieira and his team who earned the prestigious star for the restaurant in 2010.

Costes Downtown welcomes non-hotel guests as of June 2015 with a bit more laid-back atmosphere and friendlier prices but without compromise on the top culinary quality they are known for in the Ráday Str. location.

High-gastronomy combined with luxury accommodation – a memorable stay is guaranteed. Breakfast – a a rich continental fare of cooked and cold dishes, home-style pastries, bread, butter, cheeses, jams, fruits, muesli, yogurts, tea and coffee – or the hotel guests is also served here.

Relax Room – on the 1st Floor

Guests can relax in a special room equipped with a whirlpool tub, dry sauna and high-quality fitness machines (cardio and strength training)located on the 1st floor.

It is open: between 6.00-10.00 in the morning and 16.00-20.00 in the afternoon. A wellness towel and slippers will be prepared for you in your room when you arrive. You can use them during your whole stay.


You can park your car in the hotel’s underground garage for 28 EUR/night/car. Parking place has to be reserved in advance.

What Travellers Say About the Hotel?

Tourists who stayed here gave high ratings and were very satisfied with mostly everything. Some of the highlights frequently mentioned in reviews include:

  • superb, central location – everything can be reached by walk or public transport
  • new, modern hotel with stylish decor in an elegantly renovated historic town house
  • courteous, extremely helpful staff who pays attention to every detail to make (they’ll help you with sightseeing and eating out tips, tour reservations and anything you need help with)
  • delicious continental-style breakfast: hot and cold dishes, bakery good, tea, coffee, fruit juices.

Some negatives mentioned:

  • Rooms are a bit small, those facing the courtyard without a real window to a street, can feel a bit claustrophobic
  • Standard rooms overlook the inner courtyard where the reception area is located so rooms on lower levels can be a bit noisy.

Attractions Nearby, Things To Do Suggestions

  • Danube Promenade – A walkway stretching between Erzsébet Bridge and the Chain Bridge in the Pest side of the river. Lined with lots of terraced cafes and restaurants.
  • Buda Castle – Home to the Royal Palace with the History Museum, the Hungarian National Gallery, the National Széchenyi Library, as well as the Matthias Church, the Fishermen’s Bastion and other historic and cultural attarctions. TIP: Bus 16 will take you there (get on at Széchenyi István tér at the Pest end of the Chain Bridge).
  • Parliament – huge building on the Pest side that houses the Holy Crown of Hungary and a museum (only for museum buffs).
  • Erzsébet Square – a bit of green amid the concrete city centre with the Akvárium Club (a concert venue and bar with large terrace), a wine bar and the Terminál Restaurant.
  • Váci Street – a chic street connecting Vörösmarty Square and the Great Market, packed with fashion shops, cafes, restaurants, folk and souvenir shops. Crowded in high season.
  • Great Market Hall – A historic, covered food market where you can shop for local grocery and food specialties on the ground floor, eat some hearty food on the frist floor.
  • First Strudel House of Pest – the finest strudels in town: both sweet and savoury varieties, has a large terrace, located close to the Basilica.
  • Gelateria Pomo D’oro – the best ice cream: owned by an Italian chef and a bit of celebrity. The Trattoria Pomo D’oro first class Italain restaurant across the street also belongs to him and highly recommended.

Additional resources: visit also the hotel’s website for more photos and information.