ARTICLES IN Hotel TOPIC

News BSTDB & Postbank to finance Sofia’s Marriott hotel
17
Apr
2018

BSTDB & Postbank to finance Sofia’s Marriott hotel

by Property Forum
The Black Sea Trade and Development Bank (BSTDB) and Postbank (Bulgaria) will jointly provide €58.3 million (€32 million and €26.3 million, respectively) to help finance the construction of a Marriott hotel in Sofia, the first hotel of the international chain in Bulgaria. The 12-year loan will be extended to I Tower Development JSC, a special-purpose company set-up in Bulgaria. BSTDB acted as arranger of the deal. The operation aims at meeting the growing demand for high-quality business and tourist accommodation and conference facilities in the Bulgarian capital.
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News Corinthia Hotels to enter Romania
29
Mar
2018

Corinthia Hotels to enter Romania

by Property Forum
Corinthia Hotels is set to expand its five-star hotel portfolio with the opening of a new luxury property in Bucharest, Romania. Located in the heart of the capital, the former Grand Hotel du Boulevard will open its doors again in December 2019, to coincide with Romania’s National Day.
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News Prague to see new hotel conversions
18
Mar
2018

Prague to see new hotel conversions

by Property Forum
The Czech hospitality market has been achieving above-average performance rates thanks to a steadily growing number of tourists. This has had a positive effect on hospitality properties whose yields ranging between 6% and 7% are noticeably higher than the yields in other commercial sectors, specifically retail, office and industrial. They are also attractive with rents guaranteed for a long time. As a result, converting office space into hospitality facilities is becoming a frequent choice among both domestic and international investors. Czech operators can compete with foreign ones quite capably and tend to be the preferred choice for hotel owners. Just about 14% of the local market operators are international brands.
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News Romania’s hotel market continues its boom
07
Mar
2018

Romania’s hotel market continues its boom

by Property Forum
The hotel capacity in Bucharest is seen rising by at least 10% in the next three years, considering the hotel projects planned or under construction, with new hotels to be developed in most big cities in Romania too, as the local market saw the seventh consecutive year of growth in 2017, C&W Echinox reports.
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News Park Inn by Radisson opens in Katowice
01
Mar
2018

Park Inn by Radisson opens in Katowice

by Property Forum
Park Inn by Radisson announced the opening of a 168-room property in Katowice, Poland. This brings the group's Polish portfolio to 15 hotels and over 3,100 rooms in operation or under development.
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News HTL dominates Croatia’s investment market
16
Feb
2018

HTL dominates Croatia’s investment market

by Property Forum
In 2017 approx. 90% of the total investment volumes in the commercial real estate were recorded in retail and HTL on the Croatian market. Most of the investment and development activity came from the investors already present on the market. Newcomers were mostly focused on distressed/value-add or brownfield opportunities in the HTL sector. Retail and HTL will remain the most active sectors in terms of investment and development volumes in 2018, Colliers projects.
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News Radisson Blu Wroclaw refurbished by Union Investment
14
Feb
2018

Radisson Blu Wroclaw refurbished by Union Investment

by Property Forum
Apleona GVA coordinated the refurbishment works at Radisson Blu Wroclaw on behalf of owener Union Investment. The refurbishment works lasted two months. The 12,000 sqm hotel offers accommodation in 162 rooms.
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News Holiday Inn Warsaw City Centre acquired by Union Investment
05
Feb
2018

Holiday Inn Warsaw City Centre acquired by Union Investment

by Property Forum
Apleona GVA has secured a contract for technical support and advisory services during the pre-opening phase of the Holiday Inn Warsaw City Centre Hotel and the transition to the new owner. The 256-room property is ready to host its guests. It was officially acquired by Union Investment Real Estate GmbH on January 31st for its UniImmo: Deutschland fund.
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News New Radisson Blu Hotel signed for Timisoara
17
Jan
2018

New Radisson Blu Hotel signed for Timisoara

by Property Forum
The Rezidor Hotel Group announced the signing of the Radisson Blu Hotel Timisoara. This takes the group's portfolio in Romania to four hotels. Radisson Blu and Mulberry Development will create an international upper upscale hotel in Timisoara, the main social, economic and cultural hub in Western Romania - and the European Capital of Culture for 2021.
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News Airport hotel opens in Budapest
12
Jan
2018

Airport hotel opens in Budapest

by Property Forum
The 145-room ibis Styles Budapest Airport Hotel, the first airport hotel in Hungary with a direct terminal connection, constructed in a development project by Wing, opened for business at the beginning of January. The 6,600 sqm hotel is located approximately 200 m from Terminal 2, and is connected to it by a covered walkway.
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Latest news


New leases

  • Newmark Polska, a commercial real estate advisory firm, has relocated its Warsaw headquarters. Its new office is located in Centrum Marszałkowska in the very centre of Warsaw.
  • The office of the European Shared Service Centre of the Franke brand, a manufacturer of home and professional kitchen equipment, is moving to the myhive Nimbus building on Jerozolimskie Avenue in Warsaw, owned by Immofinanz. The contract, brokered by ITRA Polska, is for the lease of 1,500 sqm of office space.
  • At the beginning of July the Warsaw team of EPP company moved to Park Rozwoju office park and will occupy approximately 1,200 sqm on the 6th floor in Building B. EPP is both the owner and the manager of the complex.

New appointments

  • Karol Milczarski has joined the ranks of Colliers Poland experts, taking up the position of Senior Associate in the Commercial Space Department. His main task is to comprehensively support clients in the process of acquiring attractive street locations not only on high streets, but also within densely populated residential districts.
  • Danubius Hotels has appointed Andrea Róna as Group Director of Development. She has decades of experience in hotel management and development as well as asset management. The expert will be responsible for the further expansion and development of the hotel chain.
  • Cushman & Wakefield promotes Petr Markvart, Head of Landlord Representation Services in the Office Agency team, to Partner.


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