Accor has committed to join the Global Tourism Plastics Initiative led by the United Nations Environment Programme (UNEP) and the World Tourism Organization, in collaboration with the Ellen MacArthur Foundation to remove all single-use plastic items in guest experience from its hotels by the end of 2022.
Accor has entered into a binding agreement to sell its 85.8% stake in Orbis to AccorInvest at a price of PLN 115 per share, corresponding to proceeds for Accor of €1.06 billion (PLN 4.55 billion), in line with Orbis’ Gross Asset Value. This completes the Orbis transaction, following the acquisition by Accor of Orbis’ Management and Franchise business last October for €286m.
Libra Internet Bank and developer Niro Group have signed a financing agreement worth €24 million for the development of a Swissôtel hotel on Expozitiei Boulevard in northern Bucharest.
ibis Styles Budapest Genius in the 11th district of Budapest will welcome first guests in the fall of 2020. According to the recently signed agreement, Accor Pannonia Hotels Zrt. will manage the hotel.
Orbis decided on the potential disposal of its service activity (asset light entity) and entered into exclusive negotiations with Accor - proceeding with the Company business model transformation.
Orbis Hotel Group, a strategic partner of AccorHotels, continues its expansion in Romania by signing a management contract for ibis Politehnica Hotel in Bucharest with its partner and investor Novum Business Services SRL.
Orbis SA, an exclusive partner of AccorHotels for Eastern Europe, and Rox d.o.o. have signed an agreement on cooperation which will result in the opening of a Novotel hotel in Zagreb in late 2020.
In line with its development strategy for AccorHotels branded hotels in Eastern Europe, in particular on the very promising Romanian market, Orbis signed 3 new agreements in recent weeks for a total of 370 hotel rooms.
Orbis has opened a new Ibis Styles hotel in the northern area of Bucharest. The hotel features a restaurant, a conference room, a business lounge and a bar, in addition to 80 guest rooms. The property was rebranded from Hotel Erbas.
Internet radio station, newonce.radio will move its headquarters to the Norblin Factory in Warsaw. On an area of 366 sqm there will be a new radio studio, editorial offices and office facilities, including a conference room.
Specjał Group, Polish-owned FMCG distributor, has leased another 1,400 sqm of warehouse space for its Warsaw branch in Panattoni Park Konotopa II. The tenant was represented during the lease transaction process by real estate advisory firm Cresa Poland.
Poczta Polska has leased 3,300 sqm of warehouse space and almost 1,000 sqm of offices in 7R City Flex Gdynia. The agreement has been signed for ten years.
New appointments
Two new professionals are joining MDC2 - a warehouse and industrial developer operating on the Polish market. Wojciech Kosiór has been appointed as a Head of Development and will be responsible for project development in Central and Northern Poland. Bartłomiej Kazirod has been appointed as a Project Director working within the construction team.
Paweł Suracki joined Colliers as the Investment Services Director. He will be responsible for managing sales and purchasing processes on behalf of Colliers' clients and for establishing and maintaining relationships with potential and current Colliers' partners in Poland.
Avison Young has announced a key change to its directors’ team in Budapest with the arrival of Martina Cifer at the helm of its Office Leasing department. In her new capacity, she shall oversee both the company's Landlord and Tenant Representation divisions.
Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Budapest, Bucharest, Bratislava and Prague, amongst other locations.
I have read the Privacy Policy of International Property Network Inc. and I consent to International Property Network Inc. sending me newsletters and managing my personal data provided for this purpose.
