Hotel room owner

Salwator, Kraków's largest housing developer, has to its credit more than a dozen commissioned investments and in excess of 1000 of delivered homes. But it decided to reach outside the housing market and invest in hotel construction, a decision which should not come as a surprise since there are several periods each year when two- and three-star Kraków hotels can boast 100-percent occupancy. But the manner in which the E-Hotel company, established by Salwator, is to provide the finance for construction of the Hotel System chain is quite unusual. May I have a piece of hotel, please Marcin Rams, President of the E-Hotel company says, smiling: "We drew up an offer which allowed us to sell almost the whole hotel before we even started construction". He is talking not only of the Kraków hotel opened in August 2002 but also of similar projects in Poznań and Wrocław, on which construction is to commence this spring. The question is - how was that possib