Penta's new €50 million Prague hotel is complete

05
May
2023
News - Penta's new €50 million Prague hotel is complete #construction #Czech Republic #hotel #investment #Penta Real Estate #Prague

by Property Forum | Hotel

Penta Real Estate is finishing the construction of the new Motel One hotel in the centre of Prague near Masaryk railway station. According to the development company, the total investment in the hotel, which will be part of the Cloud One Line chain, came to CZK 1.2 billion (€51.2 million) over six years of preparation and construction. The hotel is scheduled to open in the spring of 2024.


The construction of the new Motel One hotel in Prague's city centre has reached the highest point of construction, the so-called glajcha, and is nearing completion, Penta Real Estate has announced. Currently, the builder is finishing the lining of the building envelope, installing windows on the 4th floor, working on the facade from Hybernská Street and adjusting the plasterboard structures directly in the interiors.

The new hotel will be operated by the international chain Motel One. The hotel opening is scheduled for the spring of 2024. Alongside the hotel, there will also be retail units accessible both directly from the street and from the atrium itself. "The heart of the whole proposal is the atrium, which will be accessible through all passages. One will lead people to the platform, another to Opletalova Street and another to the main station. The project also includes the extension of the pavement at Hybernská Street and the addition of tree planting, creating an attractive urban boulevard," says architect Jan Schindler.

Penta also plans to connect the atrium with the platform of Masaryk Station. Schindler Seko Architects is behind the architectural design of the hotel.




Latest news


New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


Latest news

News - Aupark Shopping Centre secures €270 million refinancing
06
May
2026

Aupark Shopping Centre secures €270 million refinancing

by Property Forum
Aupark Shopping Centre has finalised a €270 million refinancing and top-up financing facility. The transaction stands as one of the largest real estate financing operations ever recorded in Slovakia, reflecting sustained institutional confidence in high-quality retail assets.
Read more >
News - 7R to develop 230,000 sqm urban logistics complex in Kraków
06
May
2026

7R to develop 230,000 sqm urban logistics complex in Kraków

by Property Forum
Commercial real estate developer 7R has officially commenced construction on 7R Hub Nowa Huta, a significant logistics and technology centre located in Kraków. The project is designed to deliver approximately 230,000 sqm of specialised technical and production space to the Polish market.
Read more >
News - Skanska advances with second phase of H2Offices complex in Budapest
06
May
2026

Skanska advances with second phase of H2Offices complex in Budapest

by Property Forum
Skanska has announced that the second phase of the H2Offices complex in Budapest has reached structural completion. With more than 22,000 sqm of office space, the development is moving into the next stage of construction and remains on track for completion in Q1 2027.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy