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Foreign hotel investment growing

Anna Pakulniewicz 27 October 2017

Anna Pakulniewicz

Journalist

+48 22 356 25 07
anna@eurobuildcee.com

Ania covers the Baltic states’ real estate markets, architecture and urban planning in Warsaw as well as interior design. She is also the co-founder of Eurobuild TV. Among others, she has been employed by TVN CNBC, PAP Insider, WBJ (The Observer), Poland Monthly and IMM. She graduated from the Warsaw School of Economics, majoring in international relations. She has also completed postgraduate studies in macroeconomic analysis. In addition to this, she studied Lithuanian philology

POLAND Foreign investment on Poland’s hotel investment market is still in its infancy, but many investors are convinced of the country’s potential, according to a Christie + Co report.

Improved performance date, more international hotel chains, the improvement in the country’s meetings and conference industry, better road and rail infrastructure, as well as favourable property prices in comparison to key European markets such as London, Paris or Munich are all driving the market. There is rising interest in hotel acquisitions from German, French, British and US investors. Especially German institutional investment funds looking for products that provide a better return than in Western Europe. Over the last few years, the presence of opportunistic funds (mainly American, French, British, but also Asian) that are interested in hotels operating under management or franchise agreements has increased. These kinds of investors plan to increase the property’s value by actively engaging in its management. In general, all kinds of hotels from the budget to luxury segments are in demand. Notable transactions over past years include the Radisson Blu in Warsaw, the Sheraton Grand Hotel in Kraków or the Hotel Bristol in Warsaw.


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