PL

Romania Hotels bounce back in Bucharest

Hotels
The Bucharest hotel market has the highest growth among CEE capitals in terms of revenue per available room (RevPAR), according to the Hotel Operator Beat H2 2021 report by Cushman & Wakefield.

The report is based on a survey, conducted in Q4 2021 among senior executives from over 30 operators that are either already in the CEE region or have plans to enter. Together they operate over 730 hotels with over 121,000 rooms as well as an additional 590 proposed hotels comprising over 50,000 rooms that are currently planned. Prague, Warsaw, Budapest and Bucharest are among the top-ranking cities of interest, out of a total of 20. Bucharest was considered a high or very highly attractive market for 58 pct of the surveyed operators and many operators who had left expressed interest in re-entering the city. Over 2021, Bucharest had an average occupancy of 32.1 pct, a rise of 77.7 pct on the previous year. Bucharest`s RevPAR increased by 67.3 pct in 2021 compared to 2020, which was the highest growth in RevPAR among all the CEE capitals. Overall, the Bucharest hotel market reached a RevPAR of EUR 20.5, which was the third-highest among the CEE capitals.

Latest news

Office & mixed-use development

POLAND Majorel expands in Globis Poznań

schedule 17 May 2022
Opr./edited by NN

Call centre specialist Majorel Polska has extended its lease and taken up an additional 400 sqm in the recently refurbished Globis Poznań building, which is owned by Globe Trade Centre.

Warehouse & industrial

POLAND Super-Pharm super happy in Prologis Teresin

schedule 17 May 2022
Opr./edited by NN

Israeli-owned drugstore chain Super-Pharm has extended its tenancy and expanded its area by another 12,600 sqm of warehouse space in Prologis Park Teresin, about 50 km west of central Warsaw.

Retail & leisure

HUNGARY Last Stop Shop unit taken

schedule 17 May 2022
Opr./edited by NN

Immofinanz has just leased the last free unit in its Hungarian Stop Shop portfolio of retail parks, bringing its occupancy up to 100 pct.

Public buildings

POLAND Dobra 55 ready for students

schedule 17 May 2022
Opr./edited by JC

The second stage of the University of Warsaw’s Dobra 55 building has been completed. The scientific and didactic building is the largest investment in the university’s long-term development programme, whose budget amounts to app. PLN 1 bln.

Warehouse & industrial

POLAND Langowski lingers for longer in Pruszków

schedule 16 May 2022
Opr./edited by NN

Polish freight forwarding specialist Langowski Logistics has leased 7,500 sqm of additional warehouse space in Panattoni Park Pruszków II, on Warsaw’s western outskirts.

Office & mixed-use development

POLAND NEPI Rockcastle gets more Cosmopolitan

schedule 16 May 2022
Nathan North
deputy editor

NEPI Rockcastle Poland has extended its office lease agreement and enlarged its premises in the Cosmopolitan Twarda 4 building in Warsaw city centre.

Office & mixed-use development

POLAND InPost opts for Ocean Office Park for HQ

schedule 16 May 2022
Nathan North
deputy editor

Polish courier and parcel locker operator InPost has leased 8,300 sqm of office space for its new headquarters in the Ocean Office Park complex in Kraków.

Warehouse & industrial

POLAND Boeing DSI flies into Panattoni Rzeszów Airport III

schedule 16 May 2022
Opr./edited by NN

Boeing Distribution Services (BDSI) has leased a 3,000 sqm building in Panattoni Park Rzeszów Airport III in Poland’s ‘Aviation Valley’, in the southeast of the country.

Office & mixed-use development

CZECH REPUBLIC First stone laid for Roztyly Plaza

schedule 13 May 2022
Opr./edited by NN

Passerinvest has laid the foundation stone for the Roztyly Plaza office development in Chodov (Prague 11).

Office & mixed-use development

POLAND First Property refilling Gdynia building

schedule 13 May 2022
Opr./edited by NN

First Property Group has announced that it has signed leases totalling 2,691 sqm of its Podolska 21 office building in Gdynia – amounting to 20 pct of the net internal area.

Office & mixed-use development

POLAND Emerson expands HQ in Konstruktorska BC

schedule 13 May 2022
Nathan North
deputy editor

Emerson Process Management has decided to extend its lease and increase the space it occupies at Konstruktorska Business Center in Warsaw.

Property and Facility Management

POLAND Savills to take care of Sky Tower

schedule 13 May 2022
Opr./edited by NN

Savills has been appointed as the property manager for Sky Tower in Wrocław, which was acquired by Adventum Group in March. The consultancy previously acted as the advisor for the acquisition of the property.

Office & mixed-use development

Poland Ebury Partners enters Widok Towers

schedule 12 May 2022

Financial services provider Ebury Partners has leased 800 sqm on the eleventh floor of the Widok Towers office building in the centre of Warsaw.

Office & mixed-use development

Lakeside powered by green electricity during construction

schedule 12 May 2022

The construction of the Lakeside office building in Warsaw's Mokotów district, is being completely powered by clean energy from renewable sources.

Technology

Poland Hi Tech bicycle storage comes to Norblin Factory

schedule 12 May 2022

The machine has been installed in the Norblin Factory centre in Warsaw and can store up to 96 bikes.

Investment & finance

Poland 7R sells Polish project portfolio to CTP

schedule 12 May 2022
Eurobuild CEE

Polish industrial developer 7R has finalised the sale of a portfolio of projects across Poland to its Czech counterpart CTP Group. The portfolio includes sites with projects in both the development and pre-development phases. Around 1.2 mln sqm gla could potentially be developed on the acquired sites.

Property and Facility Management

POLAND CBRE IM chooses C&W for Nexus

schedule 12 May 2022
Opr./edited by NN

Cushman & Wakefield has been appointed by CBRE Investment Management to be the property manager of its Nexus portfolio of eight logistics centres across Poland.

Office & mixed-use development

POLAND Snowflake floats into Lixa C

schedule 12 May 2022
Nathan North
deputy editor

Silicon Valley based cloud computing specialist Snowflake has signed a 10-year lease for more than 7,000 sqm of office space in the recently completed Lixa C building in Warsaw.

Office & mixed-use development

POLAND Bank Pekao moves HQ to 18 floors of Forest Tower

schedule 12 May 2022
Opr./edited by NN

For its new head office, Bank Pekao has leased 18 floors of the 28-storey Forest Tower building, which was recently completed by Slovak developer HB Reavis in Warsaw.

Events

Poland Shining stars on the court – and off it

schedule 11 May 2022
Eurobuild CEE

It is once again our great pleasure to invite you to the Warszawianka Tennis Club in Warsaw for the 17th Annual Eurobuild CEE Tennis Tournament for the real estate market, which takes place on Friday, May 27th. But hurry – the invitation list is almost complete!

Latest in Hotels

schedule 01 March 2022

Meininger teams up with Fronton for Kraków hotel

Meininger Hotels and Polish real estate developer Fronton have signed a deal to develop a 503-bed and 135-room hotel in Kraków, scheduled to open in summer 2023.

schedule 03 February 2022

Hotels bounce back in Bucharest

The Bucharest hotel market has the highest growth among CEE capitals in terms of revenue per available room (RevPAR), according to the Hotel Operator Beat H2 2021 report by Cushman & Wakefield.

schedule 04 February 2022

Hospitality revives – in an inhospitable environment

Another difficult year for the hotel market has come to an end – hotels were back in operation for only the last six months of the year, but the summer and autumn seasons were much better than in 2020. But the hospitality sector is resilient and always has the potential to bounce back – according to the ‘Hotel market in the largest cities in Poland. Annual report 2021’ by Hotel Professionals, which ‘Eurobuild CEE’ has been granted the exclusive rights to publish.

schedule 06 January 2022

Sugar Palace turns into Andaz Prague–Hyatt

UBM Development Czechia is close to completing the refurbishment of the more than 100-year-old former Cukrovarnického paláce (Sugar Palace) on Senovážné náměstí in the centre of Prague, which is to re-open in the spring as the Andaz Prague Hotel.

schedule 22 December 2021

CPI checks into Mercure Bratislava Centrum

CPI Property Group has acquired the Mercure Bratislava Centrum Hotel from Invesco Real Estate for an undisclosed sum.

schedule 08 November 2021

Crowne Plaza opens in Budapest

Crowne Plaza Hotels & Resorts has opened its first hotel in Budapest.

schedule 13 September 2021

From Sofitel to Mogotel in Wrocław

The Sofitel Wrocław Old Town, which was closed down permanently due to the pandemic, is to reopen as a Wyndham hotel after a new operator – Latvian company Mogotel – was secured for the hotel.

schedule 05 August 2021

Radisson Resort Kolobrzeg now open

Radisson has opened its 15th hotel in Poland.

schedule 30 July 2021

IHG to open first Polish Holiday Inn Resort

IHG Hotels & Resorts is to open the the first Holiday Inn Resort in Poland – in the Szklarska Poręba mountain resort in southwestern Poland, in partnership with AKME Wiśniewski Szklarska Poręba.

schedule 14 July 2021

H2 Budapest now open

The H2 Hotel Budapest, Trademark Collection by Wyndham has opened.

schedule 09 July 2021

Wing completes B&B Hotel Budapest City

Wing has completed the first Hungarian B&B Hotel on the banks of the Danube in Budapest, having converted the former Angyal office building on Boráros tér, near Petőfi Bridge.

schedule 08 July 2021

Art Hotel opens in Belgrade

Radisson Hotel Group has opened the Belgrade Art Hotel.

schedule 02 July 2021

Hotels count the pandemic cost

In 2020, EUR 370 mln was transacted in the hotel sector in Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia, according to the third CEE hotel investment report published by CMS and Cushman & Wakefield.

schedule 01 July 2021

Waltzing in Matild once again

The Matild Palace hotel has reopened in Budapest after five years of extensive renovations. The building, which is owned by Özyer Group, is to be run by Marriott International as a Luxury Collection Hotel.

schedule 25 June 2021

IGHP reports on hospitality losses

According to the Chamber of Commerce (Izba Gospodarcza Hotelarstwa) for the Polish Hotel Industry, Polish hotels face losses from May this year of up to PLN 750 mln.

schedule 09 June 2021

Radisson Blu Bucharest reopens

The Radisson Blu Hotel, Bucharest, has reopened following a major capital investment to elegantly transform the hotel’s lobby and garden area, as well as increase the number of guest rooms to over 600.

schedule 09 June 2021

Warsaw Hub hotels the first for Well Health-Safety

The International Well Building Institute (IWBI) has confirmed that the two hotels in The Warsaw Hub development have been awarded the Well Health-Safety Rating.

schedule 01 June 2021

Hotels prepare for recovery

Most owners and operators expect a rebound in the hotel sector in European capitals over 2023-2024, according to Cushman and Wakefield.

schedule 19 May 2021

Focus now in Elbląg

Focus Hotels has opened an 85-room hotel in Elbląg.

schedule 05 May 2021

IntercityHotel Budapest now open

The IntercityHotel Budapest has opened next to the Keleti railway station., in the eastern part of the city centre.

Categories