ARTICLES IN Hotel  TOPIC

News Czech Inn Hotels to operate Prague's Corinthia
13
Mar
2024

Czech Inn Hotels to operate Prague's Corinthia

by Property Forum
The highest hotel in Prague, Corinthia has joined the Czech Inn Hotels chain, reports Newstream.cz. The plan is to gradually modernize the hotel and revitalize the rooms, but with great emphasis on preserving the unique character and historical value of the building.
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News First ibis Styles hotel to open on Romanian seaside
05
Mar
2024

First ibis Styles hotel to open on Romanian seaside

by Property Forum
The first Ibis Styles hotel will open on the Romanian seaside this summer following a franchise agreement signed by Accor and Paradis Hotels & Resort, a company owned by Romanian entrepreneur Aurelian Marin.
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News Hard Rock Hotel to be rebranded as Pullman Budapest
29
Feb
2024

Hard Rock Hotel to be rebranded as Pullman Budapest

by Property Forum
Global hotel operator Accor Group will introduce its premium hotel brand Pullman after taking over the management role at Hard Rock Hotel in Budapest. The opening is scheduled for the end of March 2024.
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News Hotel occupancy in Bucharest up 5% in 2023
27
Feb
2024

Hotel occupancy in Bucharest up 5% in 2023

by Property Forum
The occupancy rate in Bucharest’s hotel market was up 5% in 2023 compared to the previous year, but it remains around 10% under 2019. However, average revenue per room was up 12%, which is higher than in pre-pandemic times, according to a Cushman & Wakefield Echinox report.
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News Warsaw hotel market improves performance in 2023
26
Feb
2024

Warsaw hotel market improves performance in 2023

by Property Forum
Experts of Cushman & Wakefield expect transactional activity on the Polish hotel market to pick up in 2024 as key performance indicators continue to improve and the pressure on investors to allocate capital builds up. Although 2023’s total investment volume on the Polish market was below that of 2019, it reached nearly €83 million - an 82% increase year-on-year. Warsaw, Vilnius and Edinburg are the only main European hotel markets that reported year-on-year growth in occupancy levels last year. At the same time, Warsaw came third for ADR growth (EUR) in 2023, with an increase of 20.1% year-on-year. 
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News Radisson opens first RED brand hotel in Southeast Europe
22
Feb
2024

Radisson opens first RED brand hotel in Southeast Europe

by Property Forum
Radisson Hotel Group has opened in Belgrade its first hotel under the RED brand, marking its expansion in Southeast Europe.
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News Vastint gets LEED Gold for Warsaw hotel
20
Feb
2024

Vastint gets LEED Gold for Warsaw hotel

by Property Forum
Vastint Poland has been awarded the LEED Gold certification for the Sound Garden Hotel located within Business Garden Warsaw. This is the last of seven buildings that make up this  complex, which has successfully undergone multi-criteria environmental verification.
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News Prague hotels recover from Covid impact
19
Feb
2024

Prague hotels recover from Covid impact

by Property Forum
For a time, the Prague hotel market has lagged behind other European cities in terms of recovery from the impacts of the COVID-19 pandemic. Its latest performance indicators are showing a significant increase in 2023, Cushman & Wakefield reports.
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News IHG to open Europe's first Holiday Inn & Suites in Budapest
05
Feb
2024

IHG to open Europe's first Holiday Inn & Suites in Budapest

by Property Forum
IHG Hotels & Resorts has announced its first Holiday Inn & Suites property in Europe by signing Holiday Inn & Suites Budapest Centrale – part of its Holiday Inn Hotels & Resorts brand. The new hotel will offer 170 rooms and is set to open in late 2026.
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News Nordis opens hotel & resi project in Mamaia
02
Jan
2024

Nordis opens hotel & resi project in Mamaia

by Property Forum
Romanian developer Nordis Group has inaugurated its hotel & residence project Hotel Nordis Mamaia 5 ***** following an investment of around €100 million.
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Latest news


New leases

  • Hexing Technologies Europe has leased 8,000 sqm for a new production plant in Globalworth Timisoara Industrial Park I. The lease deal was brokered by CBRE.
  • Eolus Poland, a renewable energy developer from Sweden, will become one of the tenants of LIFE Building. It will soon occupy nearly 300 sqm of the office building located in Warsaw's Wola district.
  • Polcast Media group, the owner of Polonia 1 TV, has signed a lease for approximately 500 sqm of office space at Trinity One in Warsaw. Located in Warsaw's Służewiec district, Trinity One is part of Revetas Capital's portfolio.

New appointments

  • Avison Young has named Adrian Crizbășianu, former executive at DB Schenker and VGP, as the new Head of Industrial & Logistics Agency. He has an extensive background in logistics and real estate spanning over 25 years.
  • Katarzyna Uzar joins the Valuation and Advisory team at Avison Young in Poland to take on the position of Assistant Valuer. She will support the team in creating offers and letters of appointment for valuation and will help property valuers throughout the valuation process.
  • Bartosz Chrostowski, an expert with almost 10 years of experience in commercial property, has joined real estate advisory firm Savills as an Associate Director of the landlord representation team of the office agency led by Daniel Czarnecki.

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