Prague's Intercontinental Hotel gets a major refurbishment

05
Apr
2023
News - Prague's Intercontinental Hotel gets a major refurbishment #Czech Republic #hotel #Intercontinental #Prague #reconstruction #sustainability

by Property Forum | Hotel

Prague's famous brutalist-style Intercontinental Hotel is undergoing a complete renovation. After the reconstruction, the hotel will operate with sustainability principles and will become part of the Fairmont chain, the daily E15.cz reports without mentioning the price of the planned reconstruction.


The brutalist building right by the Vltava River and on the corner of Pařížská Street, one of Prague's most expensive streets, will be upgraded with renewable energy and rainwater management. The hotel will be operated by the Fairmont chain after the renovation, according to E15.cz.

The renovation is now managed by architect Marek Tichý of TaK Architects, who has been involved in sustainability since the 1990s when he worked for the SEA studio or the Ecological Architecture Group. Architect Tichý is at the head of the unique renovation and conversion. He is turning the treasured Brutalist building and its surroundings into a space worthy of the twenty-first century, to be called the Staroměstská brána (Old Town Gate). The sustainable solutions that the team of architects have chosen to renovate the iconic hotel are bold. "We started from the fact that the hotel has its relatively wide area of interest interestingly situated by the Vltava River, and so we can largely abandon conventional sources and build a geothermal field of adequate capacity, in practice about thirty ground boreholes." The geothermal field is already located under the planned garden in front of the hotel and will largely supply the building with heat and cold.

The Intercontinental Hotel is currently owned by three Czech billionaires Oldřich Šlemr, Pavel Baudiš and Eduard Kučera.




Latest news


New leases

  • TriGranit has finalized a lease extension with Mondelez Europe Services to remain in the Signum Work Station building through 2032. Facilitated by broker CBRE, the agreement secures nearly 4,000 sqm of office surface for the global snacks group member within Warsaw’s Mokotów district.
  • Vastint Romania secured its first tenant for Bucharest-based Timpuri Noi Square Phase 2, signing SCOR for 3,250 sqm. The transaction, brokered by CBRE, facilitates SCOR’s expansion within Vastint’s local portfolio. The company has previously leased 2,320 sqm in Business Garden Bucharest.
  • EVO Properties has named Alexandru Marin as the new Property Manager for the London and Oslo office buildings in Bucharest. He brings over 15 years of property management experience.

New appointments

  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • 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.


Latest news

News - Romanian logistics market sees falling demand in Q1 2026
21
Apr
2026

Romanian logistics market sees falling demand in Q1 2026

by Property Forum
Leasing demand for logistics space in Romania dropped 56% to approximately 80,000 sqm in Q1 2026 versus the same period of 2025, according to a report by Colliers.
Read more >
News - Monopolis in Łódź gets new majority owner as Virako sells stake
21
Apr
2026

Monopolis in Łódź gets new majority owner as Virako sells stake

by Property Forum
Virako has finalised the sale of a majority stake in the special purpose vehicle owning the Monopolis mixed-use complex in Łódź, marking a new phase in the lifecycle of one of Poland’s best-known redevelopment projects.
Read more >
News - SCF acquires seventh Polish shopping centre from CBRE IM
21
Apr
2026

SCF acquires seventh Polish shopping centre from CBRE IM

by Property Forum
Czech investment group SCF and its partners have completed the acquisition of Jantar shopping centre in Słupsk, Poland, the largest retail centre in central Pomerania with 44,000 sqm of leasable area. The seller was global real estate investment manager CBRE Investment Management (IM).
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