Skanska has sold Westin Warsaw, a five star hotel in Warsaw, Poland, to Al Sraiya Holding Group. The value of the transaction is €56 million and the sale was recorded by Skanska Commercial Development Europe in the fourth quarter of 2016. The transaction is expected to be closed in the first quarter of 2017.
Hotel Westin Warsaw is located in the prime city centre and has about 21,300 square meters of usable area. It offers 361 guestrooms including 15 suites and a royal suite. It is the first hotel in Poland to comply with the high requirements for environmental certification for existing buildings. It has been awarded a LEED for Existing Buildings: Operations and Maintenance certificate with Silver grade.
