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News Deutsche Hospitality to open its first CEE hotel in Budapest
31
Jan
2017

Deutsche Hospitality to open its first CEE hotel in Budapest

by Ákos Budai
Deutsche Hospitality’s first hotel CEE hotel is set to open in by 2019. IntercityHotel Budapest will be located in a newly constructed building in forint of the City’s Eastern Railway Station (Keleti pályaudvar). It will have 300 rooms, a restaurant, a bar, a conference area and an underground car park with 200 spaces. 
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News Hilton to introduce new brand in Budapest by 2018
26
Jan
2017

Hilton to introduce new brand in Budapest by 2018

by Ákos Budai
Hilton has reached a franchise agreement with Accent Hotel Management to open Hilton Garden Inn Budapest City Centre. The 214-guestroom hotel is set to become Hilton’s third hotel in Budapest by 2018.
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News W Hotels Worldwide to open W Budapest by 2020
18
Jan
2017

W Hotels Worldwide to open W Budapest by 2020

by Ákos Budai
W Hotels Worldwide, part of Marriott International, announced an agreement with QPR Properties Kft, part of Constellation Hotels Holding Ltd., to debut the W Hotels brand in Hungary with the opening of W Budapest. Located on Andrássy Road, the hotel will be situated directly across from the State Opera House, businesswire.com reports.
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News TPG Real Estate acquires A&O Hotels and Hostels
05
Jan
2017

TPG Real Estate acquires A&O Hotels and Hostels

by Ákos Budai
TPG Real Estate, the real estate platform of global private investment firm TPG, announced that it has completed the purchase of A&O Hotels and Hostels, the largest fully integrated, privately-owned, hostel platform in Europe. The transaction will help A&O expand and enhance its operations.
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News KPMG projects 2,000 new hotel rooms in Hungary by 2018
03
Jan
2017

KPMG projects 2,000 new hotel rooms in Hungary by 2018

by Ákos Budai
Hotel capacities in Hungary will grow by approximately 2,000 rooms over the next two years, which corresponds to 4,000 new hotel beds, so Hungary and in particular Budapest will be prepared to meet the tourism challenges of coming years, according to KPMG's latest analysis. 
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News Skanska sells Westin Warsaw to Qatari group for €56m
02
Jan
2017

Skanska sells Westin Warsaw to Qatari group for €56m

by Ákos Budai
Skanska has sold Westin Warsaw, a five star hotel in Warsaw, Poland, to Al Sraiya Holding Group. The value of the transaction is €56 million and the sale was recorded by Skanska Commercial Development Europe in the fourth quarter of 2016. The transaction is expected to be closed in the first quarter of 2017.
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News Echo Investment to sell Krakow landmark building
02
Jan
2017

Echo Investment to sell Krakow landmark building

by Ákos Budai
Echo Investment has agreed to sell the former Cracovia hotel building in Krakow to Poland’s Ministry of Culture. In the future, the new owner plans to use the site as a location for a gallery of design and architecture.
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News Singapore-based M&L buys Prague hotel from Blackstone
23
Dec
2016

Singapore-based M&L buys Prague hotel from Blackstone

by Ákos Budai
Blackstone has sold the Hilton Prague Old Town hotel and Gestin Centrum, an adjacent 6,900 sqm mixed use commercial building, to Singapore-based real estate investment group M&L Hospitality. JLL’s Hotels & Hospitality group advised Blackstone on the sale.
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News CBRE Poland launches hotel investment department
05
Dec
2016

CBRE Poland launches hotel investment department

by Ákos Budai
CBRE is the first consultancy in Poland to expand its Hotel Investment Department, thus increasing the number of commercial property market sectors serviced. CBRE has for many years now been operating on the hotel market, where the CBRE Hotels business line has been extremely active in Western Europe. Expanding the business in Poland to include this particular sector constitutes a strategic business decision stemming from the growing interest from investors and hotel chain operators.
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News Christie & Co markets hotel sites in Slovenian ski resort
18
Nov
2016

Christie & Co markets hotel sites in Slovenian ski resort

by Ákos Budai
On behalf of the owner, Christie & Co markets for sale a hotel development site in the Slovenian ski region on mount Krvavec, 25 km north of Slovenia’s capital Ljubljana.
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Latest news


New leases

  • Gemini Park Tarnów will see the debut of the first Unisono shop in eastern Małopolska. The new tenant will occupy a 152 sqm unit. The store will open later this year.
  • The Gemini Park Tychy shopping centre is extending cooperation with its long-standing partner, the Silesia Jeans brand. The multibrand, which offers brands such as Levi's, Mustang, Lee and Wrangler, will soon open its second shop in the Tychy mall. The new store will be filled with clothes and accessories from two American fashion brands: Tommy Jeans and Calvin Klein Jeans. The new unit will be 140 sqm in size and is scheduled to open in the first quarter of 2023.
  • Building E belonging to the Nowy Rynek complex developed by Skanska in Poznań, although still under construction, is already attracting its future tenants. The international company Wunderman Thompson Technology will open its office here on approximately 2,000 sqm.

New appointments

  • 108 Agency promoted Matej Indra to Head of Industrial Agency for the Czech Republic.
  • Michał Ozimek has joined the Valuation department at Corees Polska - Commercial Real Estate, taking up the position of Senior Valuation & Investment Analyst. Working in the agency's Warsaw branch, he will be responsible for supporting processes related to the development of property valuations.
  • P3 Logistic Parks strengthens its team in Poland. Having worked as Deputy Head of Leasing since 2019, Iwona Sadowska has now been promoted to the position of Head of Leasing.


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