Czech Republic Record hotel deal in Prague

The facility also features six food and beverage outlets, various leisure facilities and approx. 5,000 sqm of conference space. Occupying a riverside position where the city centre meets the Karlín office hub, the property is also close to the Czech HQ of many global corporations and government agencies. CBRE advised on the sale, representing the Irish Bank Resolution Corporation, which acted on behalf of Quinn Group Luxembourg Hotels.

As we anticipated in July last year, investor appetite was significant throughout the bidding process.
Kenneth Hatton, CBRE’s head of Hotels for Europe

The Hilton Prague has benefitted from the strong resurgence of travel and corporate demand post-pandemic and the previous owners invested heavily in its continued success, with over EUR 50 mln invested in the asset since 2018.

This transaction showcases the attraction of major European cities that have a blend of both business and leisure demand, as well as the resurgence in corporate and therefore investor demand for quality, well-positioned meetings and events hotels.
Jakub Stanislav, head of Investment Properties at CBRE Czech Republic