Over the last years, the Czech capital on the Vltava river has strengthened its positioning as a city escape favourite among international leisure travellers. Specialist business property adviser Christie & Co’s analysis revealed that although competition on the hotel market is fierce, performance increased over the long run, despite last year’s mixed results.
As global travel is becoming more affordable and accessible, hotel accommodation must also change. Hotels and hostels are no longer what they were ten or even five years ago and are adapting to coworking and coliving trends worldwide – they are more lifestyle-oriented, says Bolesław Kołodziejczyk, PhD, Head of Research and Advisory, Cresa Poland.
New hotels are rapidly being built across Warsaw. Twelve new hotels have been opened across the city in the last eighteen months - more than in Berlin. Warsaw is frequented by more and more visitors and it is steadily becoming one of the most important hotel markets in CEE. Does it, however, have the chance to develop as much as the hotel markets in Prague or Budapest?
Radisson Blu announced the opening of a new Radisson Blu Hotel in Prague. The reopening of this modern hotel follows the transformation of an existing property, with major capital investment going into the project to upgrade and rebrand the former hotel.
Hilton Garden Inn opened its first hotel in Hungary, Hilton Garden Inn Budapest City Centre. Located just steps away from the Opera House and St Stephen’s Basilica, Hilton Garden Inn Budapest City Centre has 214 rooms.
Holiday Inn Warsaw City Centre was acquired by Union Investment Real Estate GmbH in January 2018. Avison Young was initially responsible for the landlord technical advisory at the final stage of the construction process as well as at the pre-opening phase. Currently, the investor extends cooperation with Avison Young, who will be responsible for the landlord technical supervision of the property and management of the technical projects.
According to the latest European hotels trend report by Savills, emerging European tourist cities such as Dublin, Lisbon and Madrid and alternative operating structures such as non-leased operating structures offer higher yielding opportunities for those investors willing to take on more risk.
Radisson Hospitality AB, publicly listed on Nasdaq Stockholm, Sweden and part of the Radisson Hotel Group, announced the opening of the Radisson Hotel & Suites, Gdansk in Poland. Highlighted as the first new Radisson in Europe, the hotel brings the group's portfolio to 17 hotels and almost 3,800 rooms in operation or under development in Poland.
Axi Immo decided to renew its office leases in Warsaw and Katowice. The leased area in Warsaw has remained unchanged while the Silesian office at Muchowiec Active Park has been enlarged. Both venues have been modified in order to meet the strictest safety standards and accommodate a hybrid working model.
Raben Logistics Polska has moved into Panattoni Park Gdańsk Airport. The logistics operator will make use of a number of solutions dedicated to specialised logistic operations, which are to be conducted on 7,560 sqm of warehouse space.
108 Agency has leased 900 sqm of industrial space to Czech logistic company HRAL in Pilsen Borská pole and the new pick-up point for IKEA was opened there.
Adrian Bojczuk has joined Tétris' Polish office to take on the newly created position – EMEA Investors and Landlords Client Development Director. He will work closely with the management and business development teams in each country, as well as with the JLL Investor team in EMEA.
Savills has strengthened its Office Agency in Poland with the appointment of Marcin Sabowicz and its Industrial Agency with Adam Włochyński.
Skanska has named Aurelia Luca as Executive Vice President for Operations in Hungary and Romania. She has previously managed the Romanian operations of the developer. Luca has more than 20 years’ worth of experience in real estate.
Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Budapest, Bucharest, Bratislava and Prague, amongst other locations.