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.
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.
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.
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.
HUNGARY CIB Group has appointed Cushman & Wakefield to sell the Rózsadomb (Rose Hill) site of the unfinished Szot hotel in Budapest.
LATVIA The first hotel of the Ibis Styles brand, which is owned by the Orbis/Accor hotel family, is to be opened in Riga.
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).
POLAND A hotel operated by the Best Western franchise chain is to be opened in Brzeg near the Galeria Brzeg shopping centre.
POLAND Mazowiecki Port Lotniczy Warszawa-Modlin (or Modlin Airport) is planning to build a hotel with app. 90 rooms.
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.
POLAND The Qubus Hotel chain is introducing a new hotel concept, Alto, designed for smaller town markets.
CEE REGION Foreign guests now pay significantly less for hotel rooms in Kyiv and Moscow, due to the weakening of the hryvnia and the ruble, according to the latest Price Barometer report by online booking service hotel.info.
POLAND The Best Western Plus Q Hotel Wrocław was opened at the beginning of May.
POLAND Orbis has signed a contract with Alx Invest to buy a plot in Kraków.
POLAND Orbis group enjoyed improved results for Q1
RUSSIA A 242-room Holiday Inn hotel is to open in Stavropol in southwestern Russia, with the opening scheduled for 2017.
WORLD The B&B Hotels Group recorded a 9 pct y-o-y (EUR 287 mln) increase in turnover for 2013.
RUSSIA Moscow hoteliers are likely to decrease average daily rates to avoid falling occupancy, according to research by JLL.
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