Trade unions are offering the Art Deco Imperial Hotel in the centre of Prague for sale, for which they are asking at least CZK 2,15 billion (€86,6 million), HN.cz reports. Offers are accepted until 15th April 2024.

Local developer Chain Bridge Venture Kft. (CBV) has launched a new development project aiming to build a state-of-the-art multifunctional centre not far from the Puskás Ferenc Stadium and Papp László sports arena. The handover is expected in 2026.

Romanian developer Nordis Group has inaugurated its hotel & residence project Hotel Nordis Mamaia 5 ***** following an investment of around €100 million.

The Polish chain Focus Hotels, part of the Immobile Capital Group, has concluded a lease agreement for its first hotel in Wrocław. The company plans to open the facility in the fourth quarter of 2024.

Mandarin Oriental Hotel Group has announced a new luxury hotel opening, following the renovation and rebranding of the former Gellért Hotel in Budapest. The renamed Mandarin Oriental Gellert Budapest is expected to open in 2027 with a focus on wellness.

Ghelamco has announced closing the deal concerning the sale of a high-rise building at Rondo Daszyńskiego, which houses hotels of the Crowne Plaza and Holiday Express Inn chains. The buyer is the French fund Corum XL. This is the third and final building sold from Ghelamco’s portfolio in The Warsaw HUB. The price has not been disclosed.

According to Cushman & Wakefield’s latest report, the Polish hotel market is seeing a steady increase in demand and key performance indicators. These positive trends are expected to continue into 2024, with a recovery in the number of international guest nights in Polish hotels. In the long term, the market will increasingly focus on hotel retrofitting and implementing modern technological and ESG solutions.

In Bratislava´s Ružinov district, between Gagarinova, Mierová and Brodná streets, the construction of the Polyfunkčný objekt Mierová is planned, reports YIMBA.sk. This mixed-use project is being prepared by the developer RETEP, which has received a binding opinion from the city.

Hospitality group Accor plans to open more than 90 hotels across Europe, Middle East and Asia during 2024, of which four will be based in CEE markets.

The Hungarian property scene is welcoming a new development company brought to life by three experienced real estate market players - Mihály Schrancz, Tamás Ádány and Zsolt Gyöngyösi. Realis Development is part of Realis Group, a holding company active since 2013.