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More visitors in Hungary

Hotels
HUNGARY The number of guest nights spent in Hungary was up by 5.3 pct in August according to KSH, the Hungarian Central Statistical Office.
Hotel revenues were also up by 12 pct with gross revenues for the industry of HUF 32.4 bln (EUR 114 mln) Average occupancy rates stood at an average of 63.3 pct while five-star and four-star hotels saw occupancy rate of 77.3 pct and 74.6 pct respectively. In August, there was a 5.6 pct increase in the gross average hotel room rate (HUF 13,927), while gross RevPAR rose by 13pct to HUF 8,821compared to the corresponding period of the previous year.

Latest news

Investment & finance

Slovenia Hotel Austria Trend is sold

schedule 15 May 2024
Opr./edited by ANZ

Peakside Capital and Generali Investments Slovenia have sold, on behalf of Generali Adriatic Value Fund, the Austria Trend hotel located in the Slovenian capital.

Material partner

Poland Excellent Fern at Off Piotrkowska

schedule 04 April 2024
Eurobuild CEE

Intensive commercialization of the multifunctional Fern building under construction at Off Piotrkowska Center has begun. A modern building, the construction of which will start at the turn of 2024/2025, offers 4,700 sqm of service space and 2,700 sqm of office space.

Warehouse & industrial

Germany Garbe hands over its new warehouse

schedule 15 May 2024
Opr./edited by ANZ

Garbe has completed a distribution warehouse it developed in Holzgerlingen, south of Stuttgart, Germany, with a total area of around 14,500 sqm. The property was now officially handed over to Edeka Südwest.

Investment & finance

Poland Millions for MLP

schedule 15 May 2024
Opr./edited by JC

ING Bank Śląski has agreed to lend more than EUR 26.8 mln to MLP Group. The purpose of the loan is to refinance existing projects spanning an area of 58,200 sqm, and finance the construction of another 21,700 sqm of warehouse facilities within the MLP Poznań and MLP Poznań II logistics parks.

ESG

Poland LEED by the seaside

schedule 14 May 2024
Opr./edited by JC

Sopot Marriott Resort & Spa, inaugurated in 2012, has been awarded the LEED Gold certification in the Operations and Maintenance category, granted to existing buildings.

Office & mixed-use development

Poland Engineers will move into Brain Park

schedule 14 May 2024
Opr./edited by ANZ

Volvo Tech Hub will occupy 10,000 sqm of space in the Brain Park C building owned by Echo Investment. The new part of Volvo Car Poland will move into the Kraków office building in stages, starting in September 2024. 

Investment & finance

Poland mBank finances City Logistics Kraków III

schedule 14 May 2024
Opr./edited by JC

Panattoni has received financial support for the development of the City Logistics Kraków III project. The EUR 21 mln loan granted by mBank will make it possible to finalise the construction of the logistics park, located in Kraków’s Nowa Huta district.

Warehouse & industrial

Poland 7R partners up with Wood & Company

schedule 13 May 2024
Opr./edited by JC

7R has started a partnership with Wood & Company to jointly realize the development of 7R Park Tczew III. The first of four warehouses, mostly leased by ESA logistika Polska, has just been commissioned by Dekpol Budownictwo, while further halls are in the pipeline.

Investment & finance

Poland Real money for Real Management

schedule 13 May 2024
Opr./edited by JC

Real Management has signed a loan agreement with mBank for over EUR 14 mln in funding for construction of the Good Point V warehouse and production park in Łubna.

Warehouse & industrial

Poland Neopak has chosen Panattoni

schedule 13 May 2024
Opr./edited by JC

Industrial packaging distributor Neopak is to move its main warehousing facilities to Panattoni Park Warsaw South IV, where it is to occupy over 10,500 sqm of warehouse and office space.

Office & mixed-use development

Poland Office House won't get any higher

schedule 13 May 2024
Opr./edited by JC

The Office House building in the Towarowa 22 project has reached its target height of nine floors. Installation of energy-efficient glass has begun on the façade.

Eurobuild CEE

Poland The May issue of "Eurobuild" is already on the shelves!

schedule 13 May 2024
Eurobuild CEE

The May issue of "Eurobuild" has already been published, as usual, full of interesting articles and professional analyses! Lovers of news in the fields of technology, investments, finance, PRS, retail and logistics will not be bored!

Office & mixed-use development

Poland Eurocash stays at Diuna for longer

schedule 10 May 2024
Opr./edited by ANZ

Eurocash Group is staying at the Warsaw office complex, part of the portfolio of Pine Bridge Benson Elliot and Syrena Real Estate, for the next few years. Eurocash has signed a lease for four floors in Building A at Diuna, totalling nearly 4,600 sqm.

Investment & finance

Poland Another large transaction for Panattoni

schedule 10 May 2024
Opr./edited by ANZ

A specialist real estate investor has purchased the Panattoni Park Poznań XI for EUR 92.5 mln. The centre is one of the main logistics hubs for a leading European fashion platform for its operations.

Eurobuild FM

Poland Przemysław Pawłowski on the revolutionary technology of office Internet

schedule 09 May 2024
Eurobuild CEE

Welcome to a special episode of Eurobuild FM! Next Monday, the May issue of the "Eurobuild CEE" monthly will be released, and today we have a preview of the cover topic in the form of a podcast.

Warehouse & industrial

Poland Medivet chooses FLP Bydgoszcz

schedule 09 May 2024
Opr./edited by ANZ

Medivet, a provider of veterinary services and products, has leased more than 6,500 sqm of warehouse and office space at Fortress Logistics Park Bydgoszcz. The company will occupy circa 6,600 sqm in the facility.

Architecture and urban planning

Poland Poznań with a green Aura

schedule 09 May 2024
Opr./edited by ANZ

In Winogrady district of Poznań, the construction of the Aura residential building, designed by Robert Konieczny's office KWK Promes, has begun. The façade of the building with its organic architecture will be covered with 140,000 plants.

Office & mixed-use development

Poland Saint-Gobain has views

schedule 09 May 2024
Opr./edited by ANZ

Saint-Gobain Group has signed a 10-year lease for office space at Varso Tower. The company will occupy nearly 1,400 sqm on the 28th floor of the building.

Investment & finance

Slovenia ZDR is expanding into Slovenia

schedule 09 May 2024
Opr./edited by JC

The property map of ZDR Investments funds expanded, thanks to the acquisition of three retail parks in the towns of Prevalje, Ravne, and Slovenj Gradec in the northern part of Slovenia. 

Events

Poland Run with us!

schedule 09 May 2024
Opr./edited by ANZ

On 24 May 2024, we will inaugurate a new event in the real estate community - Eurobuild's Annual Running Tournament! Participants will run through the green surroundings of the First Warsaw Golf & Country Club in Rajszew. Run along with us!

Latest in Hotels

schedule 17 April 2024

IHG doubles in Germany

IHG Hotels & Resorts and Novum Hospitality announced a long-term agreement that will double IHG’s presence in Germany to more than 200 hotels in almost 100 cities through Holiday Inn – the niu brand collaboration and European debuts for IHG’s Garner and Candlewood Suites.

schedule 03 April 2024

CPI sells stake in hotel portfolio

CPI Property Group has sold a 50 pct stake in a subsidiary that owns eight hotel properties in the Czech Republic to Bratislava-based Best Hotel Properties (BHP), with whom it has also signed a JV agreement for the continued management of the hotels.

schedule 08 March 2024

The first in Southeast Europe

Radisson RED Belgrade has opened its doors as a new upscale lifestyle hotel, marking the debut of the Radisson RED brand in Southeast Europe.

schedule 27 February 2024

Bucharest hotel market rebounds

The hotel market in Bucharest has experienced a moderate annual average growth in new offerings, at 0.9 pct between 2019 and 2023. This modest trend was primarily influenced by the cancellation of Urban Zoning Plans. Between 2024 and 2025, an estimated average annual growth rate of 4.1 pct in the number of rooms is expected, according to data from the real estate consulting company Cushman & Wakefield.

schedule 15 February 2024

Accelerated recovery

According to Cushman & Wakefield analysis, after a period when the Prague hotel market was lagging behind other European cities in terms of recovery from the impacts of the covid pandemics, all of its performance indicators increased significantly in 2023. The Prague hotel market proves its resilience and attractivity.

schedule 05 February 2024

IHG's European debut

IHG Hotels & Resorts announced its first Holiday Inn & Suites property in Europe with the signing of Holiday Inn & Suites Budapest Centrale – part of its Holiday Inn Hotels & Resorts brand.

schedule 10 January 2024

The Luxury Collection will make its debut in Krakow

Marriott International and the Dobry Hotel Group have signed an agreement to create The Luxury Collection brand's first hotel in Krakow in the historic Lubomirski Palace building.

schedule 30 November 2023

The seventh Accor in Kraków

A new hotel is being built in Kraków. It will be the seventh facility of the AccorInvest/Orbis group in the capital of Malopolska under the Accor brand in the lifestyle segment. The hotel is scheduled to open in Q2 2025.

schedule 22 November 2023

Grand Budapest Hotel

Marriott Bonvoy's Autograph Collection Hotels brand is making its debut in Hungary with the opening of its first hotel in Budapest. The Dorothea Hotel is housed in three historic buildings and is named after Archduchess Dorothea, who contributed to the city's development in the 19th century.

schedule 15 November 2023

A luxurious hotel to be opened in Bucharest

One United Properties has signed a memorandum of understanding with Ennismore for opening Mondrian Bucharest, a highly exclusive lifestyle hotel in downtown Bucharest.

schedule 19 October 2023

Hilton to open Canopy in Warsaw

Canopy by Hilton Warsaw, the first lifestyle hotel of the Hilton chain in Poland, is to open in 2025 in the centre of the city.

schedule 13 October 2023

Tribe arises at Budapest Airport

Local developer Wing in cooperation with Budapest Ferenc Liszt Airport has begun the construction of the Tribe hotel at the airport.

schedule 04 September 2023

Hampton by Hilton debuts in Hungary

Hampton by Hilton Budapest City Centre, the country's first hotel under the Hampton by Hilton brand, has opened in Budapest.

schedule 25 August 2023

Rooms with a view

AC Hotels by Marriott, part of Marriott Bonvoy’s portfolio of 31 brands, has announced its brand debut in Croatia with the opening of AC Hotel by Marriott Split. The new hotel is housed on the high floors of the 135-metre-high Westgate Tower with spectacular views of the Adriatic Sea and Split’s unique cityscape.

schedule 21 August 2023

The top 5 hotel markets

In Cushman & Wakefield’s latest Hotel Operator Beat survey, Budapest was placed as the most attractive market in CEE, reaching 4.3 points on a 1–5 scale where 5 means very high interest. Prague is a little step down with 4.2 points, and Warsaw, Kraków and Bucharest complete the top 5 markets targeted by hotel operators.

schedule 08 August 2023

Ibis Styles checks in at Warsaw Airport

The opening has taken place of the Ibis Styles Warsaw Airport hotel, which is situated about 3.5 km from Fryderyk Chopin Airport in Warsaw.

schedule 27 July 2023

Marriott to open Cres hotel

Marriott International has signed an agreement with Valdarke to open an Autograph Collection resort on the isle of Cres in Croatia. The hotel will be the international brand's first on the island.

schedule 17 July 2023

Historic Braşov hotel sold for EUR 9.4 mln

Aro Palace, whose majority shareholder is investment fund Transilvania Investments, has sold the Coroana-Postăvaru Hotel in Braşov in central Romania to Elevate Properties for EUR 9.367 mln.

schedule 23 June 2023

Moxy makes Balkan debut

Moxy Belgrade has arrived in Serbia’s capital city. The 131 guestroom hotel features all-day dining venue Gastro Bar Park and Moxy’s signature 24/7 bar.

schedule 12 June 2023

Le Méridien makes a splash at Lake Balaton

Marriott International announced that it has signed an agreement with Balaport Investment to bring the Le Méridien brand to Hungary, which will also be the first Marriott International resort in the country.

Edition 5 (288) May 2024

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