Griffin Capital Partners and Primestar Group have launched Prime Griffin Hotels, a 50/50 joint venture established to build a hotel platform in Poland. Operating within a single platform, the venture aims to capitalise on the growth of the Polish hospitality sector through an integrated model.
Griffin Capital Partners brings to the JV more than 20 years of Polish market experience and a track record of building businesses in real estate and private equity. These include Resi4Rent, one of Poland's largest institutional residential rental platforms, LifeSpot, a long-term rental housing platform, as well as student accommodation platforms including Student Depot (exited in 2023) and StudentSpace.
The firm currently manages investments with a gross asset value exceeding €11 billion across twenty platforms. As operating partner, Primestar contributes a ten-year track record encompassing 21 hotels and 4,389 rooms across 13 cities in three countries, including the operation of Hampton by Hilton and Holiday Inn Express properties in continental Europe. The group also brings its June Hotel concept and a technology platform enabling a digital guest journey.
Prime Griffin Hotels will focus on Poland's largest urban markets, including Warsaw, Kraków, Wrocław, Katowice, Łódź, Poznań and Gdańsk, targeting hotels with more than 100 rooms in the midscale, upscale and luxury segments. The venture will pursue opportunities across acquisitions, developments, conversions, repositionings and operating partnerships, offering flexibility across lease, management and hybrid contract structures. It intends to cooperate with brands including Hilton, IHG, Marriott and June.
"This partnership brings together highly complementary capabilities: Primestar's hotel operating platform and brand relationships, alongside Griffin Capital Partners' local market expertise and relationships with international investors," said Nebil Şenman, Co-Owner and Managing Partner at Griffin Capital Partners. Dr. Roland Rausch, Chairman and Owner of Primestar Group, said: "The launch of Prime Griffin Hotels marks a defining step in Primestar's international expansion. Poland is one of the most exciting hotel markets in Europe today." Maciej Dyjas, Co-Owner and Managing Partner at Griffin Capital Partners, added: "We see significant potential in hospitality, which is becoming an increasingly attractive asset class for long-term capital."
Prime Griffin Hotels is already evaluating several acquisition, development and conversion opportunities across Poland's largest cities and expects to announce its first transactions in the coming months.
