News - New Hampton by Hilton hotel opens in Budapest
12
Sep
2023

New Hampton by Hilton hotel opens in Budapest

by Property Forum
Hampton by Hilton Budapest City Centre has opened its doors to guests. Alongside 219 guest rooms, the hotel features a fitness centre and a lobby bar. Flexible social spaces offer the opportunity to work and meet during the day or socialize in the evening, including meeting spaces available for bookings, as well as on-site parking and EV charging for guest use.
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News - Accor and PHH Group cooperate on Mövenpick brand in Poland
01
Sep
2023

Accor and PHH Group cooperate on Mövenpick brand in Poland

by Property Forum
The letter of intent signed in May this year between the Accor Group and PHH Group is giving first effects. Representatives of both companies have signed a franchise agreement. As part of the cooperation, the seaside resort Interferie Hotel Medical Spa in Świnoujście, which is part of the PHH Group, is changing its name to Mövenpick, a premium brand belonging to the Accor Group. The new Mövenpick Świnoujście Medical Spa Resort will welcome guests in just over a few months.
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News - Marriott debuts new brand in Croatia
25
Aug
2023

Marriott debuts new brand in Croatia

by Property Forum
AC Hotels by Marriott, part of Marriott Bonvoy’s portfolio of 31 brands, announced its brand debut in Croatia with the opening of AC Hotel by Marriott Split. Housed on the high floors of the 135-metre-high Westgate Tower, the hotel offers 214 guestrooms.
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News - Delayed construction of Ritz-Carlton hotel in Prague goes on
22
Aug
2023

Delayed construction of Ritz-Carlton hotel in Prague goes on

by Property Forum
The Ritz-Carlton luxury hotel, which is to be built in the heart of Prague after the renovation of eight historic buildings, and was delayed is now moving forward again. The long-planned construction of a five-star hotel was supposed to be completed last year, but the new completion date is now set for 2025 at the earliest. The reconstruction will also include 26 apartments for long-term rent, writes E15.cz.
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News - Prague and Budapest are in centre of hotel operators’ interest
21
Aug
2023

Prague and Budapest are in centre of hotel operators’ interest

by Property Forum
Prague is the second most attractive market in CEE for hotel operators with a presence or interest in the region. Its popularity is backed up by H1 2023 being a period of healthy recovery for Prague hotels which achieved the second highest (after Budapest) RevPAR (revenue per available room) among the region’s capitals. In this year’s first six months, it reached €69, which is an increase of 57 percent versus H1 2022, and already a 5 percent increase versus the pre-Covid H1 2019. This was primarily driven by the strong ADR (average daily rate) growth, which surpassed 2019 levels by over 20 percent. Hotel operators are optimistic about the industry’s outlook and keen to expand across the CEE region. However, 28 percent of planned hotel projects in the region are facing delays or put on hold, mainly due to the increased development costs, reports Cushman & Wakefield in the Hotel Operator Beat survey.
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News - Bucharest hotel market reaches pre-pandemic levels
21
Aug
2023

Bucharest hotel market reaches pre-pandemic levels

by Property Forum
Bucharest is the fifth most attractive market out of 20 cities in CEE-12 in terms of the interest of the main operators to invest in new hotel facilities in the next period, while the results of hotel operators in the Romanian capital reaching pre-pandemic rates, according to a survey by Cushman & Wakefield Echinox. 
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News - Synapsis Property Ventures to build new hotel in Bratislava
09
Aug
2023

Synapsis Property Ventures to build new hotel in Bratislava

by Property Forum
Synapsis Property Ventures plans to build a new type of hotel at the entrance to Železná studienka in the office zone next to ESET's headquarters in Bratislava. The plan has already received a positive investment decision from the City of Bratislava. The total cost of the construction is estimated by the developer to exceed €50 million. The project is co-financed by Tatra Banka. 
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News - Rock Holding to invest €70 million in Brașov hotel
09
Aug
2023

Rock Holding to invest €70 million in Brașov hotel

by Property Forum
Romanian real estate company Rock Development Holding will invest €70 million in the development of its first five-star luxury hotel in Poiana Brașov. The new luxury project will comprise a hotel with 120 rooms and an aparthotel with 75 residential units.
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News - Accor launches new boutique hotel brand in Poland
09
Aug
2023

Accor launches new boutique hotel brand in Poland

by Property Forum
Hospitality group Accor has inaugurated The Crown, a four-star hotel in Kraków, which is part of the Handwritten Collection, a portfolio of boutique hotels from around the world. This is Accor’s second property of this kind in the region and the first in Poland.
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News - Accor opens ibis Styles Warsaw Airport
04
Aug
2023

Accor opens ibis Styles Warsaw Airport

by Property Forum
At the beginning of August, ibis Styles Warszawa Airport with 124 rooms was launched in Warsaw, replacing Holiday Inn Express Airport opened in 2012 in the Poleczki Park complex with six office buildings. It is the 19th facility under the ibis Styles brand in Poland. The hotel is managed by the Accor network.
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Latest news


New leases

  • MLP Group has bolstered the tenant mix at MLP Poznań West by welcoming Stockly, a 3D printing specialist. The company has leased 2,400 sqm of warehouse and office space, with operations already underway via early access. A full handover is expected in December 2026. Stockly was represented by Rock Estate during the transaction.
  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.

New appointments

  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.
  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.

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