[Update: Price increase 7/30] Luxury in Budapest starting at 8K per night, and suites at 13K [Sweet-spot spotlight]

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Update 7/17/19: Today World of Hyatt has announced that this property will move up to Category 5 at 10:00am CT on July 30, 2019. That means the nightly rate will increase from 8K per night to 20K per night and premium suites go from 16K to 40K per night. That’s a massive increase; if you have your eye on this property, make your reservation now. Reservations made before 7/30 at 10:00am CT and free night certificates applied before that time will be honored — so reserve sooner rather than later. (H/T: Will Run for Miles)


A couple of weeks ago a reader alerted us to this unique opportunity.  Coincidentally, Travel is Free identified the same opportunity in his data driven look at Hyatt.  After massive renovation of a historic shopping arcade, the Párisi Udvar Hotel Budapest has recently opened.  And it looks amazing.  Prices generally run over $350 per night.  Luckily, this is a Hyatt hotel so we can pay in points.  Even better, the Párisi Udvar Hotel is a category 2 Hyatt.  This means that rooms are available for only 8,000 points per night!

At 8K per night, this hotel offers terrific value to those with Hyatt points.  It’s also a fantastic use of Chase Ultimate Rewards points since those points are transferable one to one to Hyatt.

King Bed room at the Párisi Udvar Hotel Budapest, a Hyatt category 2 hotel.

A suite opportunity

When I first learned about this hotel, I checked for award availability during dates that I might be able to visit.  Unfortunately, some of the best dates were unavailable for 8K per night awards.  But then I remembered that Hyatt doesn’t show suite awards online.  Here’s Hyatt’s award chart, including suite prices:

As you can see above, category 2 Hyatt hotels offer standard suites for 13K points per night or premium suites for 16K points per night.  I figured that this hotel is worth those prices even if we don’t need the extra space that a suite offers.  So, I checked with Hyatt about suite award availability by sending a direct message to Hyatt Concierge via Twitter.  From the Hyatt concierge I learned that suite awards were wide open during my desired dates!  Here’s what the Hyatt concierge wrote:

Currently, I do show availability for our Standard Suites using points for either the Art Collection Suite, or Heritage Collection Suite at 13,000 points per night for the whole stay. Or either the Hexagon Suite, Pollack Suite, or Brudern Suite at 16,000 points per night, also currently available for the whole stay.

Then I noticed something else interesting.  Under “amenities” for each suite (even the 13K per night suites), Hyatt includes “Club access”.  Does this hotel have a club?  For those without club access awards, free club access could be a great perk.  I asked, and the concierge replied:

The hotel does offer an Executive Club Lounge on the 2nd floor. The hours are 6:00A AM-10:00 PM.

Nice!

Standard Suites 13K Per Night

Above, you’ll find the Hyatt website’s photos and descriptions of the two standard suite options: Art Collection Suite and Heritage Collection Suite.  And, by booking a suite, you’ll get free access to the hotel’s Executive Club.

Premium Suites 16K Per Night

Above, you’ll find the Hyatt website’s photos and descriptions of the three premium suite options: Hexagon Suite, Pollack Suite, and Brudern Suite.  By booking a suite, you’ll get free access to the hotel’s Executive Club.

What’s with those suite photos?

The photos above for the Art Collection Suite, Pollack Suite, and Brudern Suite appear to be the exact same living room.  I doubt they really all look alike.  My bet is that they used placeholder images to get the site ready to accept bookings, but they haven’t updated it yet with real photos of each different suite.  For now, I think it’s a better bet to go by the room descriptions to get an idea of what you’ll get.

Bottom Line

The Párisi Udvar Hotel Budapest appears to be an incredible way to use Hyatt points (or Chase points transferred to Hyatt).  Online reviews are too new at this point to get an idea of how good the hotel really is.  Plus, inevitably there will be issues in the first month or two as they get going.  Still, I’d happily be the guinea pig to test this out.  In fact, I have an award booked for this summer, but plans aren’t yet firm so I may end up cancelling.  We’ll see.

If you’re interested, I recommend booking awards at this hotel soon.  I think it’s inevitable that it will quickly get bumped up from category 2 to a much higher category.  Maybe category 5?  If you book now, though, you can lock in the low current rate.

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