RUSSIA In H1 2014, the St Petersburg quality hotel market saw a 30-pct growth in ADR (up to RUB 4,600) and a 24-pct surgge in RevPar (up to RUB 2,253), compared to H1 2013, according to the latest report by JLL.
HUNGARY Hungary’s central bank (MNB) has found an interesting way to support the country’s recovering real estate market. After what must have been extremely hard bargaining, it has bought a four-star rural residence worth EUR 2.9 mln for over EUR 1.3 mln to pamper its employees, reports the ‘Wall Street Journal.’
RUSSIA With a 5.4 pct drop in the revenue per room (RevPAR) y-o-y, the performance of the Moscow hotel market for H1 2014 is down, but less than feared, according to the Moscow Hotel Market Update report by JLL.
POLAND Hotel group Carloson Rezidor, which owns 1,340 hotels worldwide including Radisson-branded hotels, has decided to enter another Polish city, the mountain resort of Zakopane.
UKRAINE In H1 the hotel occupancy in Kyiv dropped to 28 pct, an all-time low, compared to 50 pct in the first half of 2013, according to the latest Hotel Intelligence report by JLL.
Hotels
POLAND Carlson Rezidor Hotel Group has decided to open a five-star Radisson Blu Resort in Świnoujście as part of the Baltic Park Molo complex, developed by Zdrojowa Invest. This will be the first Radisson Blu Resort-branded hotel in Poland.
Hotels
RUSSIA The Park Inn by Radisson Pulkovo Airport hotel in St Petersburg has been opened.
Hotels
POLAND The Hampton by Hilton Wrocław City Center West is to be developed after the signing of an agreement between Hilton Worldwide and Rialto.
Hotels
CEE REGION Prague-based hotelier CPI Hotels, a part of the Czech investment group CPI, has become an operator for ten Orco Property Group-owned hotels located across the Czech Republic, Slovakia, Poland, Hungary and Russia, nine of which have been forming a regional chain, Mamaison.
HUNGARY Dubai-based developer Al Habtoor Group has acquired InterContinental Budapest, the company informed.
Hotels
BOSNIA AND HERZEGOVINA Marriott will open its first Courtyard hotel in Bosnia and Herzegovina next year. The 130-room facility is scheduled to open in mid-2015 in Sarajevo. This will be Marriott International’s second venture in the country after it launches its Residence Inn Sarajevo in early 2015.
Hotels
CROATIA Austrian banking group Hypo Alpe-Adria-Bank International has put the Lisanj hotel in Novi Vinodolski up for sale.
RUSSIA According to the latest report by JLL, in 2014, the quality hotel market in Moscow has seen a 4-pct drop in occupancy rates (down to 59 pct) and a 1-pct drop in the ADR (now at the level of RUB 6,000). This fall can be attributed to the political turmoil in Ukraine and sanctions put on Russia as a result, the analysts write in the “Moscow Hotel Market” report.
Hotels
POLAND Real estate developer Doctor Q Bud will build a new, Best Western-branded hotel at Kraków-Balice airport. The project is now undergoing the final phase of designing and planning. Best Western Balice Airport Kraków is scheduled to open in the first half of 2016.
Hotels
HUNGARY CIB Group has appointed Cushman & Wakefield to sell the Rózsadomb (Rose Hill) site of the unfinished Szot hotel in Budapest.
Hotels
LATVIA The first hotel of the Ibis Styles brand, which is owned by the Orbis/Accor hotel family, is to be opened in Riga.
Hotels
POLAND The Novotel hotel brand, which belongs to Orbis/Accor, is introducing a new gastronomy format to four of its Polish hotels – Novo2 (Novo Square).
Hotels
POLAND A hotel operated by the Best Western franchise chain is to be opened in Brzeg near the Galeria Brzeg shopping centre.
Hotels
POLAND Mazowiecki Port Lotniczy Warszawa-Modlin (or Modlin Airport) is planning to build a hotel with app. 90 rooms.
Hotels
CZECH REPUBLIC Avestus Capital Partners has sold the Four Seasons hotel in Prague to US company Northwood Investors for an undisclosed sum, according to idnes.cz.
In Winogrady district of Poznań, the construction of the Aura residential building, designed by Robert Konieczny's office KWK Promes, has begun. The f ...
Strabag Romania has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new office prope ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other reg ...
Warsaw's Studio B building has been awarded SmartScore and WiredScore certificates. Skanska has thus become the first company in Poland to receive the ...
The Eurobuild Awards Gala, the premier event for the region’s real estate market, is to take place this year on November 26th at the DoubleTree by Hil ...
As the media market in Poland evolves, we also need (and want to!) adapt to these changes and move with the times. Soon, access to our archive will ...
Today, we bring you another brief recording from Expo Real 2024. Tune to listen to our experts' opinions. and immerse yourself in the event's atmosphe ...
The 13th JLL Real Estate Beach Volleyball Charity Tournament, which took place earlier this month, has raised over PLN 800,000 to build the third Rona ...
After a long break, we invite you to hot episode of the "Eye to eye" podcast! Today we talk with Władysław Grochowski, the head and founder of Arche.
The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional wi ...
Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation ...
The St. Regis Belgrade hotel, the brand's first property in Serbia, has begun operating in Belgrade. It is located in the 42-storey high-rise Belgrade ...
Jarosław Szanajca plans to resign from the position of president of the management board of Dom Development at the end of the year and join the superv ...
The Warsaw - Łódź stretch will be the first section of the High Speed Railway in Poland. It is on this route that a new station will be built in Brzez ...
Viterra has moved into its new 1,500 sqm offices in Olivia Prime, part of the Olivia Centre business complex in Gdańsk. The Design Anatomy studio is ...
Panattoni has secured a EUR 75 mln loan from Citibank (London Branch). The funds are intended to finance the Panattoni Park Sulechów III investment.
CTP has expanded its Polish land bank by nearly half a million sqm. The company has purchased investment land in four locations that provide the oppor ...
Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure ...
The Małopolska Centre of Entrepreneurship will move into the GTC Newton building, which is part of the Korona Office Complex. The institution will occ ...
Colliers has taken over the management of the Studio B office building located in the Warsaw Wola district. The property is owned by Stena Real Estate ...
The University of Warsaw has signed a contract with the general contractor for a project at ul. Bednarska 2/4. The new building will house the faculti ...
YIT continues to grow in line with its strategy in the CEE countries. The company is expanding its operations in the Czech Republic and establishes a ...
According to Trends Radar. Real Estate: From Stabilisation To Optimism, the latest report from Cushman & Wakefield, in 2024, Poland came second in Eur ...
Velis Real Estate Tech is officially changing its name to Singu, adopting the title of its property management product. The rebranding aims to both re ...
7R and EQT Exeter will jointly develop a modern logistics park near Prague. The 56,000 sqm investment will consist of two buildings located along the ...
