Marriott International to expand Polish portfolio with 10 projects

03
Apr
2024
News - Marriott International to expand Polish portfolio with 10 projects #development #hotels #Marriott #Poland

by Property Forum | Hotel

Marriott International, Inc., announced its plans to expand its portfolio in Poland with the expected addition of more than 10 properties in the next few years, including the debut of two brands - Le Méridien and Element Hotels by Westin - in the market. The anticipated openings will further enhance the company’s footprint in the country, where it currently has a portfolio of 24 properties and over 4,500 rooms across 12 brands and eight cities - Warsaw, Sopot, Kraków, Poznań, Katowice, Wrocław, Gdynia and Szczecin. 


Janusz Mitulski, Senior Director of Development, Central & Eastern Europe, Marriott International commented, "Marriott International remains focused on growing and diversifying its brand portfolio and experiences in Poland to meet the strong demand for travel throughout the country. With our captivating portfolio of brands, world-class distribution platform and Marriott Bonvoy, our award-winning travel program, we continue to drive robust growth opportunities with owners and franchisees in the market.”

Marriott continues to see strong growth momentum for its premium brands in Poland. The company anticipates bringing Le Méridien’s European heritage and chic signature programming to the country with the expected opening of Le Méridien Kraków Royal in 2025. The company also plans to expand the presence of its Collection brands in the market with the slated opening of a Tribute Portfolio hotel in Warsaw and an Autograph Collection hotel in Wrocław. Plans also include the addition of a second Renaissance hotel, with a projected opening in Gdańsk Old City.

The company’s select-service brands also continue to be a strong driver of growth in the Polish market. Element by Westin is anticipated to make its debut in the country this spring with the opening of Element by Westin Wrocław, which will meet the demand for extended-stay accommodation in the market. Four Points by Sheraton builds upon its current portfolio with projected openings in Poznań and Wrocław in 2025. The playful Moxy Hotels brand is slated to open its fifth property in the market next year with a hotel in central Warsaw.

In addition, Marriott also plans to further expand its luxury portfolio in Poland with the anticipated addition of its second Luxury Collection property, H15 Luxury Palace, a Luxury Collection Hotel, which will be situated within the Lubomirski Palace in the historic city of Kraków.

Mitulski added, "We are seeing significant growth in the market through conversion opportunities, which further highlights the trust owners have in Marriott International and the reputation of our world-class brands. More than half of our development pipeline in Poland features conversion and adaptive re-use projects.”

Poland is home to 12 of the company’s brands, each serving differentiated experiences across traveller segments. The brands currently present in the country include The Luxury Collection in the luxury segment; Marriott Hotels, Sheraton, Renaissance Hotels, Autograph Collection, Tribute Portfolio and Westin in the premium segment; Courtyard by Marriott, Four Points by Sheraton, Moxy Hotels and AC Hotels by Marriott, in the select service segment.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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