ARTICLES LABELLED WITH TAG hotel

Hyatt Hotels Corporation announced today that a Hyatt affiliate has entered into a management agreement with Városház Utca Projekt Ingatlanforgalmazó Kft. for the first Hyatt Regency hotel in Budapest, Hungary. The 231-room property is expected to open in early 2020.

Radisson Hospitality announced the signing of the new Radisson Blu Hotel in Prague. The upper upscale branded hotel will complement our Park Inn Hotel Prague.

In accordance with its business strategy - consisting in allocating capital to the most promising markets, which will underpin sustainable results in the future, Orbis has signed a purchase agreement for the plot, building and the business related operations in Mercure Bucharest Unirii for €11.35 million.

Park Inn by Radisson announced the reopening of the Park Inn by Radisson Danube Bratislava in Slovakia - after an extensive renovation over the last two years. The hotel is located in the heart of the historic centre, near to Bratislava Castle and the Danube River.

Orbis Hotel Group signed a sale and management back agreement with Budapest-based Novoop Ingatlanüzemeltető Kft. for the Novotel Szeged hotel. As part of the transaction, the hotel was handed over to the new owner on the 9th of May, to be continued to operate under the “Novotel” brand by Orbis in the frame of a long-term management agreement for 15 years.

The CEE hotel market experienced rapid growth in the last three years both in terms of hotel performance and transaction volume due to the dynamically expanding tourism industry. Within the region, the Budapest hotel market has seen exceptional growth, as its RevPAR (revenue per available room) growth outpaced the key regional capital cities, according to Colliers International's latest hotel market study.

Macedonia’s first Mercure Hotel opened in in the centre of Tetovo. The hotel is located in a modern high-rise building with 13 floors, which accommodates a total of 101 rooms.

Orbis Group, the Eastern European partner of AccorHotels, has officially opened its first three-star ibis Styles hotel in Romania, in the city of Arad, together with its local partner and investor FAB Industry.

Colliers International will provide property management services to the Europejski multifunctional project in Warsaw - former Hotel Europejski. The historic building at Krakowskie Przedmieście will house high-class office, retail and service space, in addition to a luxury hotel.

The Black Sea Trade and Development Bank (BSTDB) and Postbank (Bulgaria) will jointly provide €58.3 million (€32 million and €26.3 million, respectively) to help finance the construction of a Marriott hotel in Sofia, the first hotel of the international chain in Bulgaria. The 12-year loan will be extended to I Tower Development JSC, a special-purpose company set-up in Bulgaria. BSTDB acted as arranger of the deal. The operation aims at meeting the growing demand for high-quality business and tourist accommodation and conference facilities in the Bulgarian capital.