ARTICLES IN Hotel TOPIC

01
Jul
2020

Romanian hotel chain ends agreement with Accor

by Property Forum
Romania’s largest hotel chain, Continental Hotels and French hotel group Accor have decided to terminate the management agreement signed 20 years ago for four hotels. According to the mutual agreement, starting with July 1, 2020, four hotels owned by Continental Hotels (Ibis Gara de Nord, Ibis Parlament, Ibis Constanta and Ibis Sibiu) will no longer operate under the Ibis brand, profit.ro reports.
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17
Jun
2020

Radisson Hotel Group opens two hotels in Poland

by Property Forum
Radisson Hotel Group announced the opening of the Radisson Blu Hotel in Sopot and the Radisson Hotel Szklarska Poręba, bringing its portfolio to 14 properties in operation in Poland.
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11
Jun
2020

Apex Alliance to open new Bucharest hotel in July

by Property Forum
Lithuanian group Apex Alliance Hotel Management plans to open the new Moxy Bucharest Old Town hotel on July 20. The total investment cost of the hotel equals €12.5 million.
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11
May
2020

COVID-19 to decrease Poland’s active hotel stock

by Property Forum
Although plans related to the introduction of new projects will now be thoroughly verified, investors' interest in the hotel sector in Poland is still high. The latest report by consulting company Walter Herz shows that the number of categorized hotel facilities in Poland has increased by over 30% since 2012.
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07
Apr
2020

C&W: 41% of hotel investors still looking at opportunities

by Property Forum
A new weekly EMEA COVID-19 research report from Cushman & Wakefield, 'COVID-19 Impacts For EMEA Real Estate', outlines the sweeping impact the COVID-19 crisis is having on the European hotel market in 2020.
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01
Apr
2020

CEE hotel deals put on hold due to COVID-19

by Property Forum
A new report on the hotel investment scene in CEE reveals that in 2019 the CEE6 markets were rapidly catching up with their western neighbours, both in terms of investment volumes and sophistication. The second annual report by Cushman & Wakefield and international law firm CMS explores the underlying investment trends across CEE6 countries and looks at the various innovations that have shaped the hotel industry in recent years.
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29
Mar
2020

Marriott taking extraordinary measures to survive the global lockdown

by Property Forum
Marriott is closing food and beverage outlets, reducing staff and closing floors or even entire hotels due to the extremely low levels of occupancy across the world. The company has also temporarily deferred most brand standards to help owners and franchisees, including delaying renovations due in 2020 by one year, deferring required furniture, fixtures and equipment funding and suspending brand standard audits.
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18
Mar
2020

CPI offers the Czech government 14 hotels to provide patient care

by Property Forum
CPI Property Group offered the Czech government the entire capacity of the 14 hotels operated by CPI Hotels in the event that the government requires extra space for patients. The offer includes approximately 5,000 beds in 2,490 rooms and conference space that can normally accommodate almost 10,000 guests in total.
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27
Feb
2020

Radisson Hotel Group to reduce the use of single-use plastics

by Property Forum
Radisson Hotel Group is launching a global roll-out plan of plastic reduction – including the introduction of bulk amenities in all hotels across the group’s portfolio by 2022. 
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13
Feb
2020

Investors go for hotels in Prague

by Property Forum
The year 2019 was a record one for the Prague hospitality sector in terms of transactions: the amount of investments in hospitality properties exceeded €500 million. This is the highest figure in history and twice the average for the last five years. This is also the first time that the Czech Republic has made it to the Top 10 in the European hospitality investment chart – to number nine. In 2020, the volume of hospitality transactions could become twice as high – €1 billion, according to Cushman & Wakefield.
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