A number of branded residential schemes increased by over 160 percent in the last ten years. The residential sector became attractive even for prestigious "brands" from non-residential sectors such as Versace, Fendi, Armani or Tonino Lamborghini and they have also expanded their presence into this segment across major cities around the globe. Nevertheless, the concept of branded residences is not present in the Czech Republic yet, says a Savills report. 

Marriott International has added a new hotel to its global portfolio with the opening of Dorothea Hotel, Budapest, Autograph Collection. The new luxury hotel is located in Budapest’s District V and offers 216 rooms and suits.

Radisson Hotel Budapest BudaPart, the first upscale Radisson branded hotel in Hungary has opened its doors in the vibrant Újbuda district. This hotel serves both as a retreat as well as a business hub and offers new bar and restaurant options for locals and overnight guests.

CPI Property Group has signed an agreement about selling two companies which own and operate resort hotels on the island of Hvar in Croatia. The agreement concerns the disposal of Sunčani Hvar Hotels, the company announced. The full purchase price has been deposited with an escrow agent, but the amount of the price was not specified.  

The Zleep Hotels brand continues its international growth in Europe with the opening of the new 166-room Zleep Hotel in Prague, Deutsche Hospitality's first hotel in the Czech Republic. The hotel opened its doors in the new Waltrovka quarter in the southwest of the Czech capital just a few minutes walk to Radlicka metro station

Chinese developer and investor group Xanga has been progressing with its new hotel project in Debrecen reaching the highest point of the building. Ibis Styles Debrecen Airport will offer 73 rooms and 20 suits and is expected to open in the second half of 2025.

Cushman & Wakefield has appointed Magsud Rahmanov as the new Head of Hotel Transactions CEE & SEE and named him as a Partner. 

Hilton has announced plans to open Italy’s first LXR Hotels & Resorts property, following a franchise agreement with Romanian group Pavăl Holding and Apex Alliance.

A new hotel representing a special brand from Accor Group is to open at Ferenc Liszt International Airport, developed by Wing, in cooperation with Budapest Airport, the developer announced. The handover is expected in 2025.

Swiss provider of premium accommodation Visionapartments will open in central Bucharest a 106-room building with a spa following an investment of €23 million.