Record stays in Budapest last year

Hotels
HUNGARY The number of guests and guest nights in Budapest last year increased by 3.6 pct and 4.8 pct respectively, reaching a record high level – according to KSH (the Hungarian Central Statistical Office).
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The growth was mainly due to foreign tourism, which had a growth of 8 pct in stays, whereas domestic tourism nights remained flat. Four-star hotels were especially popular, with the number of foreign guests stays growing by 18 pct (2.5 pct overall). However, Prague still hosts twice as many hotel guests and Vienna 60 pct more. In 2012, six new hotels (plus one reopening) were opened in Budapest, adding 550 rooms to the total available – slightly lower than the previous year.

Latest news

Retail & leisure

Poland Retail park supply matches mall supply from 2008

schedule 04 December 2025
Opr./edited by AH

The last five years have seen unprecedented change in Poland's retail real estate sector, particularly in retail parks and convenience centres, states the latest report from JLL.

Material partner

Antarctica Construction at the edge of the world

schedule 27 November 2025
Opr./edited by JC

The implementation team for the next stage of the construction of the new main building of the Henryk Arctowski Polish Antarctic Station has reached King George Island – over 14,000 km from Poland.

Residential

Poland Three buildings completed in Poznań

schedule 04 December 2025
Opr./edited by AH

The Agrobex Group has completed the construction of 130 municipal apartments in Poznań for the municipal housing association ZKZL.

Infrastructure

Poland Swarzewo station reopens

schedule 04 December 2025
Opr./edited by AH

Polish State Railways (PKP) has renovated the  Swarzewo railway station in Pomerania in an investment of PLN 5.88 mln gross.

Office & mixed-use development

Poland Xoog chooses Ambassador

schedule 04 December 2025
Opr./edited by AH

Licensed electricity supplier, XOOG Operator is moving into the Warsaw's Ambassador Office Building in Warsaw, owned by the Hines Poland Sustainable Income Fund, with a lease of 600 sqm as well as six parking spaces. 

Retail & leisure

Poland Arcade Bee enters Hala Koszyki

schedule 04 December 2025
Opr./edited by AH

Arcade Bee is to open a new location in Warsaw's Hala Koszyki. The cocktail bar also includes interactive entertainment. Archas Design is responsible for the design.

Infrastructure

Poland CPK awards car park contract

schedule 04 December 2025
Opr./edited by AH

CPK has announced it has awarded the tender to AKE Studio to design a multi-storey car park to serve the new airport with 5,300 spaces for vehicles.

Warehouse & industrial

Poland Big bang at end of the year

schedule 04 December 2025
Opr./edited by AH

Savills predicts the warehouse and industrial market in Poland to be heading for a strong end to the year, backed by a stable economy and the growing share of e-commerce.

Warehouse & industrial

Poland 7R to build 730,000 sqm in Kraków

schedule 04 December 2025
Opr./edited by AH

7R has been granted a permit to develop a manufacturing hub in Krakow's Nowa Huta district. The project will comprise three buildings with a total area of ​​230,000 sqm.

Office & mixed-use development

Poland Maersk moves into Office House

schedule 03 December 2025
Opr./edited by AH

Maersk Global Service Center has opened a new office in the Office House building, in the Towarowa22 complex. The company has taken up over 3,700 sqm of space.

Investment & finance

Poland Hillwood granted PLN 25 mln

schedule 03 December 2025
Opr./edited by AH

Bank Pekao has granted a loan of around EUR 25 mln to finance part of the Hillwood Poznań-Czempiń project – a hall with an area of ​​nearly 54,000 sqm, which was delivered in 2025.

Retail & leisure

Poland Worldbox comes to M1 Czeladź

schedule 03 December 2025
Opr./edited by AH

The M1 Czeladź shopping centre has expanded its tenant mix with the addition of a Worldbox store. New Yorker and Ochnik will also be moving to larger units.

Investment & finance

Czech Republic Port7 sold to AFI

schedule 03 December 2025
Opr./edited by AH

Skanska has sold the Port7 office complex in Prague's Holešovice district to AFI Group for CZK 3.16 bln (app. EUR 131 mln). The complex comprises three fully-leased office buildings with a total leasable area of ​ 36,000 sqm as well as a plot for future development

Office & mixed-use development

Poland Rohlig stays in Bolero Office Point 1

schedule 03 December 2025
Opr./edited by AH

Logistics operator Rohlig SUUS Logistics has extended its lease for 2,000 sqm of office space in Warsaw's Bolero Office Point 1 building. The property is part of Real Management's portfolio.

Warehouse & industrial

Czech Republic Warehousing still recovering

schedule 03 December 2025
Opr./edited by AH

The industrial real estate market in the Czech Republic continues its recovery. After last year's downturn and a slower start to this year, the sector recorded strong growth in Q3 2025, with a total of 130,800 sqm of new space completed; bringing the total market size to almost 12.9 mln sqm, according to the latest study by Colliers.

Warehouse & industrial

Poland Panattoni builds in Białystok

schedule 03 December 2025
Opr./edited by AH

Panattoni has started construction of Panattoni Park Białystok III. The 32,000 sqm project will be completed in the first quarter of 2026. Four tenants have already signed lease agreements. 

Warehouse & industrial

Agart Pro comes to Panattoni Park Trcity North

schedule 03 December 2025
Opr./edited by AH

Agart-Pro, a company from the food industry, has leased warehouse space with a cold store at Panattoni Park Tricity North and is to occupy 2,400 sqm.

ESG

Poland Manufaktura now Outstanding

schedule 02 December 2025
Opr./edited by AH

The Manufaktura complex in Łódź has received a BREEAM In-Use Outstanding rating for both asset Performance (88.9 pct) and management performance (85.3 pct).

Investment & finance

EUROPE VGP and AREIM buy 13 parks

schedule 02 December 2025
Opr./edited by NN

Areim and VGP, through their SAGA joint venture, have signed an agreement to acquire 13 logistics parks (18 buildings in total) in Spain, Italy, Portugal, Germany, Austria, the Czech Republic and Slovakia.

Investment & finance

Poland Bank Pekao supports Accolade in Białystok

schedule 02 December 2025
Opr./edited by AH

Accolade has secured EUR 24 mln in financing from Bank Pekao to develop its Białystok III park. Białystok III is to be a 34,000 sqm warehouse centre. Including this project, Accolade has a portfolio of over 110,000 sqm with completion scheduled for the first half of 2026.

Latest in Hotels

schedule 12 November 2025

Tourism set to boom around the Med

According to the report, Mediterranean and Southern European markets accounted for 44 pct of all inbound overnight tourist arrivals to Europe last year, according to the latest EMEA Hospitality report published by Colliers.

schedule 03 November 2025

Novotel comes to Croatia

Accor's Novotel brand is expanding in Southeastern Europe with the opening of Novotel Zagreb, the brand's first hotel in Croatia.

schedule 16 October 2025

Staycity to open first Aparthotel in Warsaw

Leading aparthotel operator Staycity Group and international investment firm Solida Capital has announced a strategic partnership for the development of a new Staycity Aparthotel in Warsaw, marking Staycity’s entry into the Polish market.

schedule 10 September 2025

Romanian hotels grow

 Occupancy rates increased by around 4 pct in the first six months of the year compared to the same period of 2024, according to a report by Cushman & Wakefield Echinox with the figures based on the STR data. The average daily rate (ADR) grew by circa 8 pct in local currency. This resulted in a spectacular 12 pct increase in RevPAR YTD 2025 versus 2024.

schedule 29 August 2025

Leonardo expands in JM Tower

Leonardo Hotels Central Europe will manage the entire JM Tower complex on ul. Grzybowska in Warsaw from October this year. Currently, the chain is only responsible for managing the section where the Leonardo Royal Warsaw hotel operates.

schedule 22 August 2025

Self service in Opole

The De Silva Inn Opole is now open. This is  Poland's largest fully self-service hotel with a usable area of around 4,000 sqm.

schedule 11 August 2025

Mercure comes to Transylvania

The Mercure Hotels & Resorts chain has opened its first hotel in Transylvania. The Mercure Alba Iulia has 118 rooms as well as modular meeting spaces.

schedule 07 August 2025

Redefining luxury

The value of the hotel and spa services market in Poland increased by 16.7 pct year-on-year in 2024, reaching PLN 7.8 bln. According to KPMG, this trend is consistent with the broader, global recovery of the tourism sector.

schedule 24 April 2025

Romanian hotel market continues to recover

The hotel market in Bucharest continued its recovery in 2024, in terms of RevPAR and occupancy rate, while the ADR has finally surpassed the milestone of EUR 100.

schedule 03 April 2025

Condo to be built on the Baltic

Peninsula Property has signed a contract with Doraco to build The Elements Resort, a condohotel in Dźwirzyno on the Baltic sea.

schedule 01 April 2025

Marriott plans to expand Four Points by Flex portfolio

Marriott International has announced plans to double its portfolio of Four Points Flex by Sheraton hotels across Europe by the end of 2026.

schedule 28 March 2025

Hotel brand makes further debuts

Handwritten Collection announces further expansion in Europe. The chain plans to open more than 10 new hotels in the coming months. The new Handwritten Collection hotels include the first hotel in Croatia in a historic building in Rijeka, a hotel in Debrecen, Hungary, and a hotel in Tirana, Albania.

schedule 05 March 2025

First Autograph in Croatia

Autograph Collection Hotels debuts in Croatia with The Isolano, Cres, Autograph Collection. Located in a pine grove overlooking the Adriatic Sea, the boutique hotel offers 49 guestrooms and suites.

schedule 31 January 2025

Alfa Group builds a hotel in redeveloped Bratislava Harbor

Hungarian Alfa Group is planning a EUR 36 mln investment project with a hotel function. The project will be located in the redeveloped port on the Danube in Bratislava.

schedule 13 January 2025

Mövenpick opens in Poland and beyond

Mövenpick has made its debut in Poland with the opening of two hotels – Mövenpick Grand Hotel Wrocław and Mövenpick Resort & Spa Karpacz. The brand has plans for further expansion in Europe.

schedule 16 December 2024

Hotel in the clouds

The first The Cloud One Hotel in Warsaw is set to open in the Upper One complex, offering over 360 rooms.

schedule 11 December 2024

Spark by Hilton debuts in Poland

The Spark by Hilton brand is entering the Polish market with two new hotels. Spark by Hilton Pobierowo and Spark by Hilton Krynica Morska will open within the next six months.

schedule 06 December 2024

Handwritten Collection opens its first hotel in Germany

Boutique brand Accor is making its debut in Germany with the opening of a hotel in Düsseldorf. The company also announces plans to open its first property in Croatia in 2026.

schedule 06 December 2024

W debuts in Prague

The Art Nouveau hotel Grand Hotel Evropa in Prague has started operating under the W Hotels banner as W Prague. This is the first property of this Marriott Bonvoy-owned brand in the Czech capital.

schedule 03 December 2024

Grand transaction in Sopot

The Sofitel Grand Sopot has changed hands. The Polish company Sinfam Investments became the new owner of the hotel. The seller was AccorInvest, which includes the Orbis group. Sofitel will remain the managing operator of the hotel. 

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Edition 11 (303) November 2025

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