Ablon Group, a Guernsey-based real estate owner and developer with offices in central and eastern Europe, has opened its first hotel.

The four-star 235-room Courtyard by Marriott Budapest City Center Hotel will be operated by the company under a long-term management agreement and is located in an historic building in the city's Blaha Lujza square. Facilities include the Oléo Pazzo Mediterranean Bistro - serving breakfast, lunch and dinner - and a 'grab & go' outlet for snacks, plus seven meeting rooms and a 24/7 fitness centre.

In addition to the hotel, the Ablon development includes 5,500sq m (59,201sq ft) of retail space, expected to open in the near future.