W Hotels Worldwide, part of Marriott International, announced an agreement with QPR Properties Kft, part of Constellation Hotels Holding Ltd., to debut the W Hotels brand in Hungary with the opening of W Budapest. Located on Andrássy Road, the hotel will be situated directly across from the State Opera House, businesswire.com reports.
W Budapest will be housed in the Drechsler Palace which will be fully renovated. The hotel will feature 162 guest rooms and suites along with offering a restaurant, a destination bar, meeting and event spaces, a spa, a fitness centre and a pool.
Drechsler Palace, which previously was home to the Ballet Institute of Budapest, has been deserted for over 20 years. In 2014 it was purchased by Balett Properties S. A., a company established in Luxembourg and owned by Sheikh Hamad bin Jassim bin Jaber Al Thani of Qatar. A sign put up on the building after the purchase previously advertised that a new 5-star hotel was to operate in the building from 2017.
Photo: MTI / Mohai Balázs
“Budapest has secured a spot as an epicenter of European travel with the convergence of creative communities combined with a thriving economy, making this city the perfect fit for the innovative edge of W Hotels,” said Anthony Ingham, Global Brand Leader at W Hotels Worldwide. “This vibrant city remixes historic tradition with a modern twist – the perfect backdrop to offer guests and locals alike a dynamic scene that shakes up the traditional and embraces the avant-garde.”
W Hotels boasts a worldwide portfolio of 50 properties and is on track to reach 75 hotels by 2020.W Budapest will be the second Central European location of W Hotels Worldwide after the opening of W Belgrade which is scheduled for September 2019.
Castorama has opened its 103rd shop in Poland. The outlet in the compact Smart concept is located in the Dekada shopping centre, at Armii Krajowej Street in Grójec. It is a 2,000-square-metre retail space, an outdoor garden zone and an assortment of around 15,000 off-the-shelf products.
In April this year, the House brand joined the group of tenants at CH Korona in Wrocław. The salon occupies nearly 285 sqm of sales space.
18 Gym Fitness & Beauty will open a new location within Agora Arad (the former Galleria Arad) in a deal brokered by the Cushman & Wakefield Echinox. Agora Arad has a leasable area of 36,000 sqm and is currently undergoing a major refurbishment.
New appointments
Emilia Dębowska has been promoted to the position of Head of Sustainability Europe of Panattoni. In her new role, she will be responsible for Panattoni’s integrated sustainable development strategy encompassing both the company’s business goals and the development of its projects in Europe for every country in which the developer is active.
Crosspoint Real Estate has appointed Oana Popescu as Partner. She has joined the Crosspoint team in the summer of 2017 and took over the lead of the residential department in 2022.
Urszula Sekuła has joined the Retail Institute team as Business Development Director. She will be responsible for business development in Poland and three European markets.
Segro has extended the lease agreement with Ikea in its park in Hostivice. The furniture dispensing warehouse has been located in SEGRO Logistics Park Prague since 2014.
Passerinvest Group has opened the Roztyly Plaza office building, approved in March, to its tenants. It is located in Prague 11, next to the metro station Roztyly.
Redkom Development finalised the sale of Park Glinianka in Łubna in the southern suburbs of Warsaw. The facility was purchased by CEE-BIG B.V. The price has not been disclosed.
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