ARTICLES LABELLED WITH TAG hotel

Representatives of the global hotel industry have found themselves in a very difficult situation due to government restrictions that significantly limited the possibility of doing business. Justyna Kijewska, Associate, Senior Portfolio Manager at Cushman & Wakefield, talks about the current health of the hotel sector and predictions of hotel owners.

Lithuanian hotel operator Apex Alliance Group has announced the opening this summer of its most extensive project in Romania, The Marmorosch Bucharest, Autograph Collection. 

Petra Kucková has become the new Head of Sales and Marketing at Zeitraum. The company has specialized in student housing with a network of private campuses in Prague and has now expanded its business to another segment by launching its first project with serviced rooms and apartments right next to Wenceslas Square in Prague.

The pandemic has caused a lot of change on the market but these changes can easily be viewed as an opportunity for further growth as Jonathan Hallett, Head of Central & Eastern Europe at Cushman & Wakefield demonstrates. He talked to Property Forum about the results of the last year and shared his expectations for the future of work and the CEE advisory market.

Radisson Hotel Group has announced a €24 million investment program in Radisson Blu Bucharest Hotel, owned by Revetas Capital and Cerberus Capital Management, that will include the redesign of common spaces and the increase of the room count. 

Deutsche Hospitality has opened its first IntercityHotel in Budapest. The 312-room hotel, realised by the Hamburg-based B&L Group, will be Deutsche Hospitality's first property in Hungary. Located right next to Keleti Railway Station, it will also feature resplendent latest generation IntercityHotel interior design by the Milan-based architect Matteo Thun.

Apx Hotels Group has expanded its portfolio with a new 4-star hotel in the historic centre of Sibiu, following the acquisition of former Libra hotel in a deal worth €1.85 million. Crosspoint Real Estate assisted the buyer.

Radisson Hotel Group announced the opening of Hotel Imperial Plovdiv, a member of Radisson Individuals. The newest addition to the portfolio of the Radisson Individuals brand, which initially launched in Europe in Q4 2020, also marks the group’s return to the Bulgarian market.

Hotel chain Accor has signed a management contract with the owner of Binderbubi Hotel & Spa in Mediaș. As part of the agreement signed with local company Daflog, the hotel will be the seventh in Romania to join the Mercure network. 

Romanian developer Nordis Group has announced the acquisition of several plots of lands with a combined surface of 23,000 sqm in the seaside resort of Mamaia.