After four years, the reconstruction of the former Prague InterContinental hotel is reaching its completion. The hotel is to be operated by the international Fairmont hotel chain under the name Fairmont Golden Prague, reports E15.cz. 

PPF Real Estate Holding has agreed to acquire, for an undisclosed amount, Hilton Prague, a landmark hotel in the Czech capital, from Quinn Group Luxembourg Hotels, represented by the Irish Bank Resolution Corporation.

Tresor Le Palais in Timișoara has joined the Curio Collection by Hilton brand, marking the first transformation of this kind on the local market. 

The European Bank for Reconstruction and Development (EBRD) is lending €46.8 million to CIMEX Group, a hospitality operator in Czechia. The EBRD financing is being provided as part of a €140.4 million syndicated loan facility with UniCredit Bank and Raiffeisenbank.

French property group Catinvest is expanding its presence in Oltenia with the opening of Aparthotel Craiova following an investment of €12 million.

The Hilton hotel in Prague, in which former US President Barack Obama or his predecessors Bill Clinton and George W. Bush have stayed, is being sold by IBRC, the investment structure of the Irish bank NAMA, dealing with debt settlement, reports E15.cz. At the same time, the domestic business elite has been competing with multinational investment capital for the largest Czech hotel.

Hilton today announced that following a franchise agreement with Grupa Hotele Polskie, two new properties will open in Northern Poland under the Spark by Hilton brand – a country debut for Hilton’s premium economy conversion brand. Spark by Hilton Pobierowo and Spark by Hilton Krynica Morska will open within the next six months, joining Hilton’s 30 trading hotels across Poland. The new properties together create an additional 226 rooms.

The Kampus Palace student housing project in the former Palace Hotel in the centre of Ostrava is being taken over by Purposia Group, an investment group with Czech roots, through its subsidiary development company Antracit, which is co-managed by former Ostrava mayor Tomáš Macura, reports E15.cz.

The international Hilton brand is set to debut in the Republic of Moldova's hospitality market by opening its first hotel in Chișinău. 

Czech Inn Hotels has headed outside the capital. It is buying the Barceló Brno Palace Hotel in the Moravian metropolis with a price tag climbing to CZK 1 billion (€39.5 million), reports Seznamzpravy.cz.