ARTICLES LABELLED WITH TAG hotel

News UBM secures occupancy permit for Hotel Andaz Prague
05
Jan
2022

UBM secures occupancy permit for Hotel Andaz Prague

by Property Forum
UBM Development Czechia has completed the reconstruction of the more than 100-year-old former Cukrovarnicky Palace on Senovážné Square in the centre of Prague. The 176-room five-star Andaz Prague hotel will open in the historic building, marking the Hyatt chain’s entry into the Czech Republic. The hotel will be put into trial operation in early 2022.
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News Invesco Real Estate sells Bratislava hotel to CPIPG
21
Dec
2021

Invesco Real Estate sells Bratislava hotel to CPIPG

by Property Forum
Christie & Co has advised global real estate investment manager Invesco Real Estate on the sale of the Mercure Bratislava Centrum Hotel to CPI Property Group.
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News Radisson Hotel Group plans to add brands in Romania
20
Dec
2021

Radisson Hotel Group plans to add brands in Romania

by Property Forum
Radisson Hotel Group is planning to grow its portfolio of brands operating in Romania and will roll out new formats on the local market. 
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News InterContinental Bucharest to rebrand as Grand Hotel Bucharest
13
Dec
2021

InterContinental Bucharest to rebrand as Grand Hotel Bucharest

by Property Forum
InterContinental Romania has finalized the hotel operating contract with IHG Hotel & Resorts so the name of the property in central Bucharest will be changed to Grand Hotel Bucharest. 
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News Warimpex generates positive results for Q3 2021
29
Nov
2021

Warimpex generates positive results for Q3 2021

by Property Forum
The Warimpex Group achieved a solid operational performance in the first three quarters of 2021. The hotel segment in particular recovered versus the previous year and there are also successes to report on the office and development side, with two new lease agreements and the start of construction on a property. The Group’s result for the period improved from a loss of €31.2 million to a gain of €2.5 million. The result for the third quarter alone also climbed into positive territory, rising from minus €9.4 million to €0.8 million.
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News Nordis Group stars second phase of Mamaia project
19
Nov
2021

Nordis Group stars second phase of Mamaia project

by Property Forum
Romanian Nordis Group has kicked off the development of the second phase of Mamaia 5***** project with hotel and residential components.  
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News Revetas shifts Romanian portfolio to renewable energy
17
Nov
2021

Revetas shifts Romanian portfolio to renewable energy

by Property Forum
Revetas Group says it has shifted its entire portfolio of assets in Romania to renewable energy, as a continuation of the company’ commitment to ESG practices. 
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News Prague’s hotel market remains in a though spot
08
Nov
2021

Prague’s hotel market remains in a though spot

by Property Forum
Occupancy rates in Prague’s hotels were 50% higher during the summer holidays this year in comparison with last July and August, propelling Prague upwards in the European cities’ chart. Room rates exceeded €64 in the summer, also an improvement over last year. Many hotels worked with an operating profit and the growing number of reservations is also a positive sign. Autumn traditionally brings a drop in tourism and thus in performance – September occupancy rates are still comparable with summer rates and prices are even higher, but there are concerns about another wave of the pandemic and the potential operating restrictions. However, the improved performance in the summer has confirmed again that Prague’s hospitality market has been consistently sought after and popular, and its performance is hindered mostly by external and temporary factors.
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News Fidurock acquires Prague hotel
25
Oct
2021

Fidurock acquires Prague hotel

by Property Forum
In October 2021, Hotel Astral became the second hotel in Fidurock's residential portfolio. On an area of ​​2,689 sqm, it offers its visitors a total of 60 comfortably furnished rooms, a modern conference room with a capacity of up to 100 seats and a summer terrace for quiet outdoor seating.  
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News Wing’s Budapest office project to include a hotel
25
Oct
2021

Wing’s Budapest office project to include a hotel

by Property Forum
Wing and Accor have concluded a long-term agreement for a 12,000+ sqm area of the 42,000 sqm Liberty complex. As a result, the office building pursuing the BREEAM Excellent rating has added to its profile a dual-branded hotel under the Ibis and Tribe brands. The hotel part will be located in the landmark South wing and it is expected to be completed in 2023, which means this will be the first Tribe Hotel in Hungary.
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Latest news


New leases

  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.
  • Endava has leased an additional 2,400 sqm in the UBC 1 building, part of the Palas Iași mixed-use complex owned by Iulius. This expansion brings its total office area to 5,500 sqm.

New appointments

  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.
  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.
  • Paweł Reszczyński has been promoted to Land Development Director and will be responsible for coordinating land acquisition and investment processes for new logistics and industrial projects. Developing the land bank remains a key pillar of MLP Group's long-term expansion strategy.

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