ARTICLES LABELLED WITH TAG hotel

13
Apr
2016

Unprecedented optimism in the Hungarian hotel market

by Ákos Budai

The Hungarian hotel market is characterised by optimism, which can be observed in both the development and investment markets. Investors in Budapest are planning to begin multiple projects, the capital will soon be see projects with some 600-800 five star and 1000-2000 four or fewer star rooms. Several projects are likely to manifest in the countryside too, where booking and income-profit indicators show a significant increase and provide developers with motivation.

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Latest news

New leases

Nardo Trading has signed a 3,000 sqm lease with Villar Logistic Parks at km 13, Bucharest. This lease is part of the first 20,000 sqm phase of the park that is already operational. The transaction was brokered by iO Partners.
CPIPG has signed a lease agreement with the Polish Personal Data Protection Office (UODO). The Office has now relocated its headquarters to the Moniuszki 1A office building in central Warsaw.
DHL Supply Chain Hungary has extended its existing lease agreement for 8,600 sqm in CTPark Budapest East industrial and logistics park. DHL has also taken possession of a newly customized head office in the project.

New appointments

Former Taylor Wessing Counsel and Head of Real Estate Peter Malovec has joined CTP Slovakia as its new Head of Legal.
Matexi Polska is strengthening its management structure. Jesika Mackiewicz has joined the management boards of companies implementing residential projects in Warsaw. This manager, with over 10 years of experience in the real estate industry, will support Matexi Polska's continued growth in the capital market.
Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.

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