20
Sep
2024
Sep
2024
Marriott to open three hotels in Romania by 2029
Global hospitality group Marriott International will open three new hotels in Romania in the next five years as part of a partnership with a local investor.
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06
Sep
2024
Sep
2024
Prize by Radisson hotel chain expands in CEE
Radisson Hotel Group has announced the rebranding of prizeotel to Prize by Radisson and its entry in Poland.
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06
Sep
2024
Sep
2024
Pavăl Holding and Apex Alliance buy Swiss luxury hotel
Pavăl Holding, owned by Romanian Pavăl brothers, and Lithuanian hospitality group Apex Alliance, have jointly purchased Waldhaus Flims Wellness Resort, 5-star hotel complex in Switzerland.
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26
Aug
2024
Aug
2024
Romania sees more hotel deals under €5 million
Romania’s hotel market has recorded transactions with an average value under €5 million over the past 18 months, according to a Crosspoint Real Estate report.
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22
Aug
2024
Aug
2024
Bucharest hotel market to add 2,400 rooms by 2026
Bucharest’s hotel market is set to expand by around 2,400 rooms by 2026, outpacing the estimated growth from other CEE-based capital cities, according to a Cushman & Wakefield report.
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07
Aug
2024
Aug
2024
Bucharest’s short-term rental industry totals €24 million in H1 2024
Bucharest’s short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report.
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02
Aug
2024
Aug
2024
Mondrian Bucharest hotel construction kicks off
Romanian developer One United Properties has announced that construction has kicked off at Mondrian Hotel in Bucharest, with completion expected in 2026.
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29
Jul
2024
Jul
2024
Maistra Hospitality Group secures green loan up to €200 million
Maistra Hospitality Group, Croatia's second-largest tourism player, has obtained a blue and green sustainability-linked loan of up to €200 million, from the International Finance Corporation (IFC), as part of its strategy to boost sustainability operations.
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23
Jul
2024
Jul
2024
Forestay and Recorde invest in student accommodation in Budapest
Recorde Asset Management, the real estate fund management arm of Concorde Group, in close strategic cooperation with Forestay Group, is investing in the Móricz Student Living student residence and office building.
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23
Jul
2024
Jul
2024
Radisson opens new hotel in Kraków
The Radisson RED Hotel & Radisson RED Apartments hotel opened in Kraków’s Unity Centre. The property features 229 rooms, along with 46 extended-stay apartments located in a separate building.
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Latest news
- PSN to reconvert Prague ex-telephone exchange into premium rental housing
- Polish investment market posts best Q1 in four years
- Reico buys office building in Bratislava from Immocap
- CTP secures over 12,000 sqm of new leases across Poland
- Romania secures victory in Casa Radio arbitration for mixed-use project
- Sustainability moves from ambition to action
- CPI Europe exits Italian retail market with two park sales
- Principal snaps 16,000 sqm industrial project in Kraków
- City Point Okęcie achieves Breeam Outstanding certification
- Polish developers face family succession challenges
New leases
- Golden Star Estate has secured lease agreements totalling around 2,400 sqm at Warsaw-based Oxygen Park. Puerta has joined as the operator of the SZAWA conference centre, occupying over 650 sqm of training and event space. Additionally, fish product manufacturer Vicziunai-Pol Spółka leased nearly 140 sqm. Existing tenants Parker Hannifin, Diasorin Poland, and Nieruchomości Plus all extended their stays, maintaining a combined footprint of over 1,550 sqm.
- BearingPoint has relocated its Bucharest office to Vastint’s Timpuri Noi Square, in a deal brokered by Griffes.
- Lagardère Travel Retail has renewed its 2,300 sqm office lease for its HQ at the Bucharest-based Globalworth Campus, in a deal brokered by Cushman & Wakefield Echinox.
New appointments
- Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
- Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.
- Colliers Hungary has appointed Balint Laszlo as Director and Head of Design & Build. Laszlo brings over a decade of expertise in technical project management and fit-out execution, with a specific focus on the office and industrial sectors. He previously served as Head of Fit Out at Futureal Group, where he managed project execution, technical delivery, and cross-functional collaboration. His professional background also includes site management and commercial leadership roles.
