News Budapest’s Four Seasons Hotel secures €50m refinancing

Budapest’s Four Seasons Hotel secures €50m refinancing

by Ákos Budai
Cushman & Wakefield’s EMEA structured finance team has secured a €50+ million refinancing for Budapest’s Four Seasons Hotel Gresham Palace on behalf of SAS Holding Kft, the owner of the hotel building.
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News Chinese investor buys Dubrovnik luxury resort

Chinese investor buys Dubrovnik luxury resort

by Ákos Budai
The Real Estate Workout department of Erste Group Bank AG, has concluded the sale of the luxury resort Radisson Blu Resort & Spa Sun Gardens to a Chinese investor under the terms of a share deal. The property – one of the largest hotel complexes in Croatia – enjoys a prime beachside location in Dubrovnik.
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News Airport hotel development starts in Budapest

Airport hotel development starts in Budapest

by Ákos Budai
The time capsule of the first hotel in Hungary with direct terminal access was placed at Ferenc Liszt International Airport this week. The 145-room ibis Styles Budapest Airport Hotel featuring conference facilities is scheduled for completion in 18 months.
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News Brno’s Courtyard Marriott Hotel set to open this autumn

Brno’s Courtyard Marriott Hotel set to open this autumn

by Ákos Budai
The opening of the Courtyard Marriott Hotel in Brno, Czech Republic, built by CTP at Spielberk has been set to take place in the autumn. 
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News Polish hospitality market continues to grow

Polish hospitality market continues to grow

by Ákos Budai
There is a positive outlook of stable growth for the Polish hospitality market as the country’s hotels continue to attract both domestic and foreign tourists. Warsaw remains one of the most popular destinations, especially for business travel, with 139 hotels offering over 15,000 rooms. Cushman & Wakefield has published its latest report.
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News Unprecedented optimism in the Hungarian hotel market

Unprecedented optimism in the Hungarian hotel market

by Ákos Budai
The Hungarian hotel market is characterised by optimism, which can be observed in both the development and investment markets. Investors in Budapest are planning to begin multiple projects, the capital will soon be see projects with some 600-800 five star and 1000-2000 four or fewer star rooms. Several projects are likely to manifest in the countryside too, where booking and income-profit indicators show a significant increase and provide developers with motivation.
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Latest news

New leases

  • On 12th October, a new service office will open in the historic Stary Dworzec building in Katowice. The Cluster Stary Dworzec spaces will occupy 2,000 sqm of space.
  • A supermarket chain Dealz has joined the tenants of Galeria Bemowo in Warsaw. The new tenant occupies a unit of approximately 480 sq m, on the ground floor of the shopping centre.
  • Polish interior design brand Dekoria has concluded a lease agreement for premises at Homepark Janki near Warsaw. The space occupied by the company is 133 sqm.

New appointments

  • Rafał Bochenek has been appointed to the position of Associate Director, Land Acquisition Manager at the Polish branch of Savills. He will work closely with the firm’s industrial agency and investment advisory team to strengthen its Industrial Services Hub, which delivers services to tenants, investors and developers of logistics properties
  • Robert Skládal joins Cushman & Wakefield as a partner in the retail leasing team and will lead the team focused on shopping centres.
  • JLL in Prague announces the appointment of Milan Kilik as its new Head of Office Agency for the Czech Republic as of beginning of October 2022.


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