The Budapest is ideally situated for sightseeing, with most of Moscow's major attractions accessible on foot. Red Square and The Kremlin are under 10 minutes' walk from the hotel, and Moscow's renowned Bolshoi Theatre is just down the road from the Budapest. A glorious neoclassical edifice, it houses one of the most celebrated musical theatres in the world. Renowned for its muscular dancing style, the Bolshoi Ballet was once the pride of the Soviet Union and, although ballet and opera companies suffered from chronic under-funding in the 1990s, the theater is now undergoing a massive regeneration project that hopes to inspire a resurgence in artistic standards.
Among the less famous sights of interest in the area, at the northern end of Ulitsa Petrovka (also about five minutes' walk from the hotel) are the idiosyncratic Moscow Museum of Modern Art, which has a fine collection of Russian avant garde art from the 1910s and 1920s, and on the other side of the street the Verkhopetrovskiy Monastery, one of Moscow's oldest, which has survived almost unaltered since the 17th century, although it is not in the best condition. Also close to the hotel are the small but moving Museum of GULAG History, and the Sandunovsky Baths, Moscow's oldest and most luxurious public bathhouse, which is worth visiting for its stunning interiors alone.
