Holiday Inn Warsaw City Centre was acquired by Union Investment Real Estate GmbH in January 2018. Avison Young was initially responsible for the landlord technical advisory at the final stage of the construction process as well as at the pre-opening phase. Currently, the investor extends cooperation with Avison Young, who will be responsible for the landlord technical supervision of the property and management of the technical projects.
According to the latest European hotels trend report by Savills, emerging European tourist cities such as Dublin, Lisbon and Madrid and alternative operating structures such as non-leased operating structures offer higher yielding opportunities for those investors willing to take on more risk.
Radisson Hospitality AB, publicly listed on Nasdaq Stockholm, Sweden and part of the Radisson Hotel Group, announced the opening of the Radisson Hotel & Suites, Gdansk in Poland. Highlighted as the first new Radisson in Europe, the hotel brings the group's portfolio to 17 hotels and almost 3,800 rooms in operation or under development in Poland.
An application that allows you to order room service with an emoji, a hotel lobby arranged to resemble a coworking office, a bar that serves regional beers, or spaces where you can feel part of the local community – these are just some of the new features being implemented by a growing number of hotels. The reason? Growing customer expectations have motivated both operators and owners to create hotel brands that will provide unique experiences, according to JLL.
Radisson Hotel Group announced the introduction of its Radisson Collection brand to the Polish capital of Warsaw. The premium lifestyle property will open in May 2019. Radisson Hospitality AB also announced the signing of the Radisson RED Warsaw. The upscale, lifestyle select-service brand will be introduced in 2023.
Serbia's Ministry of Construction, Transport and Infrastructure has issued a permit for the construction of the Kula Belgrade tower to Belgrade Waterfront, the developer of the Serbian capital’s largest real estate project, local media reports.
By opening its first hostel in Poland’s capital Warsaw, Berlin-based budget group a&o is set to expand its portfolio to 35 hostels, 22 cities, and seven countries. The former office building in the central district of Wola will have over 200 rooms and 600 beds, and will open in Q3 2019.
The largest privately owned hostel-chain in Europe a&o Group will open its first quarters in Budapest in 2019. The German group creates a modern hostel by simultaneously restoring and transforming a historic property into a 108-room hostel. ConvergenCE is to lead the complete reconstruction of the selected property in Csengery Street.
Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Milan, Germany, Bucharest, Budapest, Belgrade, Bratislava and Prague.