Lodging in the Hamptons

Hotels
Last year you announced the opening of nine new Hampton by Hilton hotels. Where will they be located? Magdalena Sekutowska, Hilton Worldwide: We have nine Hampton by Hilton hotels under preparation or construction at this time. These are in Gdańsk Oliwa, Gdańsk Old Town Łódź, Lublin, Kalisz, Poznań, Warsaw’s Mokotów district, Oświęcim and Jelenia Góra. It is worth noting that apart from these Hampton hotels there will also be two new Hilton Garden Inn hotels – one in Szczecin and the other in the Mazury region. The majority of these will be opened in 2018 and some in 2019.
Are these eleven hotels the total of what Hilton Worldwide is planning to open in Poland in the near future? Or will you develop something more? These are all the plans we can share right now. Contracts have been signed related to these projects. The vast majority of the plans are for the Hampton by Hilton chain. Why? Hampton by Hilton is an economy product in our portfolio, so they are considerably cheaper to construct. Hampton hotels are being developed on markets where prices are not exorbitant and yet allow hotels to generate healthy rates of return. We are planning many more such products than luxury projects, such as Hilton hotels. The construction costs for one Hilton hotel is the same as for the construction of three Hampton hotels. This shows that the Hampton brand could enter markets where room prices are considerably lower. Where else do you see this growth? In different locations across the country. In Warsaw there is still room for a few more Hampton hotels. Ano
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