HUNGARY Crowne Plaza comes to Budapest

Hotels
InterContinental Hotels Group has signed a management agreement with Gránit Pólus Group for the Hilton Budapest City hotel in the city centre to be re-branded as the Crowne Plaza Budapest in 2021.
This will be the first opening of a Crowne Plaza hotel in the country. The 230-room hotel, adjacent to Gránit Pólus’ WestEnd City Centre mall, also offers 13 meeting rooms, a café and a lounge club. Given the central location of WestEnd City Centre, we are confident that Crowne Plaza Budapest will become a vibrant hotspot for business travellers and tourists once the Covid-19 pandemic comes to an end. In the spirit of this project, Gránit Pólus Group will dedicate more than EUR 10 mln
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Latest news

Office & mixed-use development

Poland IAG stays in O3

schedule 30 April 2026
Opr./edited by AH

IAG GBS Poland, the shared services centre of the International Airlines Group, has extended its 2,2000 sqm office lease in the O3 Business Campus complex in Kraków.

Material partner

SPAIN SIMA – The Global Hub of Living

schedule 30 March 2026
Opr./edited by NN

SIMA – The Global Hub of Living is the world’s leading investment fair and conference for the residential and living sector, offering a unique and comprehensive B2B2C experience and serving as the main meeting point for the entire residential and living value chain: capital markets, developers, institutional investors, funds, end buyers, consultancies, public administrations and governments. SIMA 2026: the international epicentre of the living sector May 20th to 23rd, Madrid, Spain

Office & mixed-use development

Poland Helios to move into Brama Miasta B

schedule 30 April 2026
Opr./edited by AH

In October, the Helios cinema chain, part of the Agora Group, will move into the Brama Miasta B office building in Łódź, owned by Skanska Commercial Development Europe.

Hotels

Romania RevPAR up by 12 pct

schedule 30 April 2026
Opr./edited by AH

Bucharest’s hotel market recorded the strongest performances in Central and Eastern Europe (CEE) in 2025, with revenue per available room (RevPAR) increasing by 12 pct year-on-year, outperforming the CEE-6 average, according to a market analysis conducted by Cushman & Wakefield.

Office & mixed-use development

Poland Tenant activity slows

schedule 29 April 2026
Opr./edited by AH

According to the latest ‘Office Market in Warsaw. Q1 2026’ report by Axi Immo, the Warsaw office market recorded a decline in occupier activity in the first quarter of 2026, while the availability of office space in central locations remained limited, putting upward pressure on rents.

Office & mixed-use development

Poland Blue Primary School opens in Wiśniowy Business Park

schedule 29 April 2026
Opr./edited by AH

The Blue Primary School, which educates children and young people on the autism spectrum, is to open in another Warsaw location. The new school will be located in the Wiśniowy Business Park office building, managed by Indotek Polska.

Investment & finance

Poland Mennica Towers refinanced

schedule 29 April 2026
Opr./edited by AH

BNP Paribas Bank Polska and Bank Pekao have granted a EUR 160 mln investment loan to refinance Mennica Towers. With the funds, Mennica Polska has now become the sole owner of the Mennica Towers complex.

Retail & leisure

Poland M Park Ozorków now open

schedule 29 April 2026
Opr./edited by AH

LCP Poland, part of M Core, has opened the M Park Ozorków retail park with over 5,600 sqm gla and ten retail units.

Investment & finance

Poland Strong start to the year

schedule 29 April 2026
Opr./edited by AH

According to the latest data from advisory firm Savills, the total value of investment transactions in the Polish commercial real estate market exceeded EUR 1.05 bln in Q1 2026. This represents a 64 pct year-on-year increase and marks the sixth-highest result on record for the first three months of the year.

Office & mixed-use development

Poland Two more buildings for Towarowa 22

schedule 29 April 2026
Opr./edited by AH

Developers AFI and Echo Investment have been issued a building permit for an apartment building and an office building within the Towarowa22 development. The two new buildings in the southwestern section of the site will be completed by the end of 2027.

Office & mixed-use development

Poland Inalca Food & Beverages enters Eurocentrum

schedule 29 April 2026
Opr./edited by AH

Italian food importer Inalca Food & Beverages / Mille Sapori has leased 700 sqm of modern office space at Eurocentrum Alfa in Warsaw’s Ochota district. The tenant was represented by real estate advisory Newmark Polska.

Office & mixed-use development

CZECH REPUBLIC Prior notice for Pasáž Sofie

schedule 29 April 2026
Opr./edited by NN

The Prior department store on Sofijské náměstí in Prague 12 is to be demolished and replaced with a new shopping centre, Pasáž Sofie, as part of the Galerie Modřany multi-functional development.

Warehouse & industrial

Poland Röhlig Suus bigger in Szczecin

schedule 28 April 2026
Opr./edited by AH

Röhlig Suus Logistics is opening a new logistics centre in Szczecin, combining warehousing facilities with a cross-dock terminal. The operator is to consolidate the operations of two separate centres at the new location.

Residential

Poland Rezydencja Aleja Fontann to be redeveloped

schedule 28 April 2026
Opr./edited by AH

Capital Park Group is preparing to start construction work in Szczecin. Rezydencja Aleja Fontann, a late 19th-century townhouse, is to be renovated with Koma acting as general contractor.

Office & mixed-use development

Slovakia No new office buildings so far

schedule 28 April 2026
Opr./edited by AH

The total office stock in Bratislava comes to 1.75 mln sqm. Of this, 22 pct comprises A+ standard offices, 38 pct A standard, and the remaining 40 pct B standard space, according to figures from the Bratislava Research Forum.

Warehouse & industrial

Poland Grudnik consolidates in Łódź

schedule 28 April 2026
Opr./edited by AH

Plumbing and heating product supplier Grudnik has consolidated its central warehouse operations and relocated to the Distribution Park Łódź City centre with a lease of 6,700 sqm of warehouse space.

Investment & finance

CEE region Poland and Hungary lead the way with investment

schedule 28 April 2026
Opr./edited by AH

Central and Eastern Europe entered 2026 with continued investor engagement, demonstrating resilience even as headline investment volumes moderated, with a total of EUR 2.1 bln recorded in Q1, following an exceptionally strong 2025, according to the latest data from Colliers.

Warehouse & industrial

Germany MLP to build in Munich

schedule 28 April 2026
Opr./edited by AH

MLP Group is expanding its portfolio of modern logistics and industrial space with the development of MLP Business Park Munich, its first multi-user park with two operational floors. The planned complex, with around 42,800 sqm of space, will also mark the MLP’s debut in Southern Germany. Construction is scheduled to start at the end of 2026.

Investment & finance

Czech Republic CPI sells in Prague

schedule 28 April 2026
Opr./edited by AH

CPI Europe has completed the sale of a historic building at Na Příkopě 14 in Prague. Na Příkopě 14 has been owned by CPI Europe since 2006 and ranks among the most significant mixed-use office and retail properties in the historic centre of Prague with approximately 17,200 sqm of total leasable space.

Office & mixed-use development

Poland Yareal begins final stage of SOHO project

schedule 28 April 2026
Opr./edited by AH

Yareal Polska has begun construction work on the SOHO Hub, which is the final phase of its mixed-use SOHO by Yareal complex in Warsaw’s Praga Południe district of Warsaw.

Latest in Hotels

schedule 30 April 2026

RevPAR up by 12 pct

Bucharest’s hotel market recorded the strongest performances in Central and Eastern Europe (CEE) in 2025, with revenue per available room (RevPAR) increasing by 12 pct year-on-year, outperforming the CEE-6 average, according to a market analysis conducted by Cushman & Wakefield.

schedule 09 April 2026

Kempinski buys Augustine Hotel, Prague

Kempinski Hotels has acquired the Augustine Hotel in Prague. This is the first acquisition for the hospitality group in over 50 years, since it bought the Hotel Vier Jahreszeiten Kempinski Munich in 1970.

schedule 17 March 2026

Hotel transactions boom

The Czech hotel market is building on an exceptionally strong year in 2025, marked by a significant increase in transaction volumes and investor interest. According to Cushman & Wakefield, a total of 16 hotels were sold in the Czech Republic, representing 2,989 rooms and a total transaction volume of EUR 764 mln. Based on available data, this represents the highest annual transaction volume ever recorded on the Czech hotel market.

schedule 12 March 2026

Mercure expands in Romania

Mercure has signed a contract to develop a hotel in Craiova and has also announced it is to open the Mercure Oradea hotel.

schedule 27 February 2026

Lithuanians construct hotel in Gdańsk

Construction work on a hotel has been launched in the Wrzeszcz district of Gdańsk. Lithuanian 1 Asset Management is the investor and the developer is the Gdańsk-based Upside Property.

schedule 25 February 2026

ibis Styles open in Tbilisi

ibis Styles has announced the opening of the ibis Styles Tbilisi Mziuri Park in one of the city's greenest districts, next to the historic Wine Factory district and Chavchavadze Avenue. 

schedule 05 February 2026

Mercure opens in Bucharest

Mercure, a brand owned by the Accor Group, has opened the Mercure Bucharest Cantemir in the centre of the city. The brand is also planning to debut in Oradea as well as in Khiva in Uzbekistan in 2026.

schedule 15 January 2026

Swissôtel opens in The Czech Republic

The Swissôtel chain has announced the opening of its first hotel in the Czech Republic in the spa town of Mariánské Lázně.

schedule 22 December 2025

AC Hotels to open in Port Praski

The façade of the Minter townhouse, in the Port Praski development in Warsaw, has been unveiled, restoring its Art Nouveau style.

schedule 18 December 2025

New look for Novotel Praha Wenceslas Square

The comprehensive renovation of the Novotel Praha Wenceslas Square has been completed. The work included 146 guestrooms, the lobby, the fitness centre, the swimming pool, the wellness area, and the conference room.

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.

Read flipbook version

Edition 3 (306) March 2026

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