Lithuanian investors Baltic Asset Management and Hanner have acquired a hotel in Prague to convert it into a co-living project called Youston. The total investment is estimated at €14 million, Hanner, the financial partner of the project, confirmed to Property Forum.

Radisson Hotel Group has opened its 18th hotel in Poland with its first Radisson Blu Resort in Ostróda. Radisson Blu Resort & Conference Center, Ostróda Mazury is located directly on Lake Drwęca in the Masurian Lake District.

Hotel chain Louvre Hotels Group, part of Chinese Jin Jiang Holding, aims to reach five affiliated hotels in Romania, including projects in Brașov, Cluj-Napoca and Bucharest. 

Accor is expanding its portfolio in South-East Europe with the signing of Swissôtel Kopaonik in Serbia. In partnership with KOP2020 DOO, the premium hotel brand will welcome its first guests just in time for the 2024-2025 winter season. 

The asset management company closed the sale of its 51% share in Solum-Invest Ltd. That was the last unit in its tourism-related portfolio.

Marriott International has signed an agreement with Riva's Hotels & Resorts to bring Marriott Hotels to Croatia. Located in Icici on the Opatija Riviera, the new-build hotel is anticipated to open in 2024.

Hospitality group Accor has signed 47 properties in Eastern Europe and the ‘New East’ in 2022, going as far as Georgia and Kazakhstan for a total of 5,476 rooms. 

Upward pressure on rental rates and rising construction costs on the one hand and a growing focus on ESG and repositioning of commercial buildings on the other. Faced with the current pace of change in the real estate market, many investors are looking at 2023 with a degree of uncertainty. Are there any reasons to be fearful? And how will the economic slowdown shape trends and sentiments in each real estate sector in the short term? Cushman & Wakefield answers these questions and more in the fourth edition of its "Trends Radar" report, which presents forecasts and potential development trends for the Polish real estate market.

Verno House Budapest, Vignette Collection, is set to open in the summer of 2023 under a franchise agreement and voco Budapest is to open in late 2023 under a management agreement, europe-re.com reports

SIF Hoteluri Oradea has reached a deal to sell the Hotel Eurohotel in Baia Mare for €2.1 million. The 3-star hotel is located near the city center and features 64 rooms, a restaurant and conference halls.