Upper class but unlanded

The healthy long-term forecasts for Poland have been encouraging investors to look for new locations for hotels. Plots for hotels in Warsaw and Kraków are currently the most sought after. In Warsaw there are shortages in every respect, despite the fact that according to JLL the Masovian province is the region that clearly dominates the market in terms of the number of hotel rooms in Poland. This is not enough, though. There is certainly a shortage of good four-star hotels and the most exclusive classes, believes Colliers International. Things, however, should get better. The dynamic development of the hotel market that took place in 2015 translated into a growth of interest in land designated for such projects. “In our opinion the trend will continue in 2016,” says Daniel Puchalski, the director of the investment land department at JLL. So what should a plot for a hotel be like? The best ones are cheap, located in the city centre or near an airport and they are ready for t