PL

The magnificent seven?

Hotels
POLAND Over PLN 500 mln - will this be enough to overtake Condohotels, Inpro, Zdrojowa Invest and take the leading position on the Polish condo hotels market?
We will only know the answer in a few years, after which Qualia Development, so far known only for its residential developments, will have finished a number of pipeline projects. The company, which belongs to the capital group of PKO BP bank, has just signed a framework agreement for a franchise partnership with the French Louvre Hotels Group, the eighth biggest hotel group in the world (the operator of over 1,000 hotels in 40 countries). The partnership is to last a minimum of 15 years and should by then have resulted in the development of 7 hotels, including 951 rooms and suites in condo hotels (each unit is to have a separate owner who will also have a share in the ownership of the common areas). The cost of the investment programme - over PLN 500 mln - is only an estimate at this point, as so far construction work has only begun on the first facility - Golden Tulip Residence in Międzyzdroje. From the Baltic seashore to the mountain peaksThe opening of Tulip Residence in Międzyzd
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