PL

5,000 rooms for Warsaw, the rest – not worse

Hotels
POLAND More than ten thousand beds will be available in our hotel facilities in 2018. In 2017 the basic operating indexes of hotels increased in most urban conurbations in Poland despite record results recorded in 2016.

A high activity of investors could be observed in this market segment for several years, thanks to which the hotel facilities in our country have been continuously developing, states a Walter Herz report. As Walter Herz experts note, the demand for hotel services in Poland is constantly growing, both from tourists and business customers. According to the Central Statistical Office, the number of tourists using overnight stays in hotel facilities in the first ten months of 2017 increased by 1.5 mln compared to the same period a year earlier, which is a 6-pct increase. The Polish hotel market is still a developing market, although it already includes over 2,700 categorized hotel facilities that offer a total of over 135,000 rooms. This is still not much compared to the markets of Western Europe and the number of hotel rooms allocated to residents of a given country, reports Walter Herz. Walter Herz calculates that the hotel market in Warsaw will gain over 5,000 rooms in the next three years. There is still room for new facilities of all categories in the capital. Specialists note that business customers dominated the Warsaw market until recently, now Warsaw is increasingly visited by tourists, whom there are already over 10 mln of per year. The elegant Raffles hotel with 103 rooms is to be completed at the site of the former Europejski Hotel on ul. Krakowskie Przedmieście this year. The next hotel projects which will be completed include: the Renaissance hotel at the Chopin Airport with 225 rooms, the Four Points by Sheraton hotel in Służewiec Przemysłowy with 192 rooms and Moxy Koneser in Warsaw’s Praga district which will offer 141 rooms, list Walter Herz experts. Other hotel facilities that will welcome guests this year include: 163-room Hampton by Hilton on ul. Postępu, over 350-room Krakowska Residence in Warsaw's Włochy district and 220-room Ibis Styles on ul. Grzybowska. Warsaw facilities to be put into service in 2018 will include a total of over 2,000 rooms. In the following years there will be further openings in Warsaw: 330-room Motel One in Śródmieście, 120-room Praski Port, 300-room combo of Residence Inn and Moxy as well as other Ibis Styles hotels. The Warsaw market will also include the Holiday Inn at the West Railway Station with 217 rooms, the Focus Hotel in Służewiec with 238 rooms, the 150-room Puro Warszawa Centrum hotel and a hotel of a luxury boutique brand in the Old Town, which will offer more than 100 rooms. The first Staybridge Suites hotel, which belongs to the InterContinental group and will provide 190 rooms, will also be completed in Ursynów. The projects to be launched in Gdańsk soon include: a 76-room Ibis Budget hotel in Jelitkowo, a 354-room Deo hotel on the Spichrzów Island, a 236-room Holiday Inn, a 140-room Grano Residence as well as a 154-room Hampton by Hilton in the Old Town and a hotel in Dwór Uphagena, which will offer 150 rooms. Over the next two years the city will gain a total of over a thousand accommodation places. MGallery by Sofitel with 190 rooms, and the Hotel Monastery of the Arche group with 200 rooms are planned in Wrocław for 2019. The hotels to be opened in Krakow include: a Puro hotel in Kazimierz offering 200 rooms, Radisson Red hotel with 230 rooms, B&B Hotel Krakow Centrum with 130 rooms and two boutique hotels Ferreus and H15 including a total of 140 rooms. The Autograph Collection Hotel with 125 rooms of this lifestyle brand owned by Marriott International will also be built in the centre of Krakow, on ul. Stradomska, in the immediate vicinity of Wawel,, which will be the first hotel of this exclusive line in Poland. The construction of the Best Western Balice Airport hotel will also start this year. The opening of Hampton by Hilton (117 rooms) and Focus Hotel Poznań (94) is planned for this year in Poznań while the Moxy hotel (120) will be opened at the Ławica airport in the future. Furthermore, the Best Western Hotels & Resorts chain will be joined by two newly-established Poznań facilities: the Edison Park Hotel under the Premier Collection brand and a hotel Sure Hotel brand on the Market Square while the existing Hotel Edison, located in Baranowo near Poznań, will undergo a modernization process. Walter Herz experts note that there is an increasing interest in smaller urban centres in Poland among investors operating in the hotel segment and international franchisors. As an example, they mention the implementation of a hotel facility in a revitalized piano factory in Kalisz. The Calisia One office, hotel and cultural facility is being built at its site, which will include the Hampton by Hilton hotel with more than 100 rooms to be opened this year. In Oświęcim, there will be 120 rooms in the Hampton by Hilton hotel. New international brands will also open in Polish resorts, including Radisson Blu hotel in Zakopane with 158 rooms and 68 suites and the Hilton Garden Inn hotel in Kołobrzeg. Walter Herz experts point out that the structure of the Polish hotel base is dominated by individual hotels owned by Polish companies that operate them individually. The same is true with the demand for accommodation. In Poland, it is mainly domestic tourists that drive the boom in the hotel sector. One third of foreigners and two thirds of Poles use hotel services in our country.

Latest news

Investment & finance

Poland Newgate buys from Redkom

schedule 25 April 2024
Opr./edited by ANZ

Redkom has announced that it has finalised the sale of a retail park under construction in Bielsko-Biała to Newgate Investment. The 17,000 sqm retail park is scheduled to open in November this year.

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.

Investment & finance

Poland A window for investment opportunity

schedule 25 April 2024
Opr./edited by ANZ

Experts gathered at ULI Poland's annual Game Changers in the Real Estate World conference agreed that current market conditions are creating a window of opportunity for real estate investors willing to act quickly and thoughtfully. Smaller transactions by regional players dominate for the time being, but there is hope for a gradual return of major international players to the Polish property market.

Warehouse & industrial

Hungary iLogistic expands at CTPark Budapest West

schedule 25 April 2024
Opr./edited by ANZ

CTP has signed a lease agreement with the logistics service provider for an additional 2,000 sqm, thus the company will occupy a total of 13,000 sqm at the facility.

Retail & leisure

Slovakia Aupark goes green

schedule 25 April 2024
Opr./edited by ANZ

Wood & Company is planning the final third tranche of its acquisition of a stake in the Aupark shopping centre in Bratislava. The facility is currently undergoing an extension, which will increase its space by 6,000 sqm. In the summer, a huge green façade will be built on the new part.

Office & mixed-use development

Germany JTRE enters German market

schedule 25 April 2024
Opr./edited by ANZ

Slovakian developer JTRE is launching its first project in Germany. The Nordhafen Living & Office multifunctional project will be built in the Europacity area in Berlin's Berlin-Mitte district.

Investment & finance

Germany Helaba to co-finance 'Le Coeur' project for Hines

schedule 24 April 2024
Opr./edited by ANZ

Helaba will act as lead manager for its long-standing client Hines in conjunction with the three savings banks in North Rhine-Westphalia, Stadtsparkasse Düsseldorf, Sparkasse KölnBonn and Kreissparkasse Köln, to finance the construction of the 'Le Coeur' project in Dusseldorf. The project has a total lending volume of EUR 270 mln.

Warehouse & industrial

Poland Magnice will be Outstanding

schedule 24 April 2024
Opr./edited by ANZ

GLP has begun construction of the final hall of Wrocław V Logistics Centre in Magnice. The building, with an area of over 67,000 sqm, will be constructed in accordance with the requirements of BREEAM certification at the Outstanding level.

Property and Facility Management

Poland EPP takes over the management of the M1 and Power Parks

schedule 24 April 2024
Opr./edited by ANZ

EPP is taking over the management of nine M1 shopping centres and three Power Parks from Metro Properties Polska. Some of Metro Properties Polska's employees, including local property management teams will join EPP.

Retail & leisure

Czech Republic High Street’s glamour

schedule 23 April 2024
Opr./edited by ANZ

Prague is the only city in the CEE region to boast a Prime High Street, a shopping street with only the most prestigious global brands. This location is Pařížská (Paris) Street, where currently 46 out of 48 available retail units are occupied.

Retail & leisure

Poland Mitiska REIM opens its 10th Karuzela retail park

schedule 23 April 2024
Opr./edited by ANZ

Mitiska REIM has opened a new food-anchored retail park in the Polish city of Świebodzin. Developed in partnership with Karuzela Holding, this is the tenth project undertaken by Mitiska REIM and Karuzela over the past five years, with five more developments planned to open over the next two years. 

Office & mixed-use development

Poland More retail at offices

schedule 23 April 2024
Opr./edited by JC

Already 64 pct of Warsaw’s office buildings offer at least one retail or service unit, reveals Retail @ Office, the latest report from Cushman & Wakefield. With new retail supply remaining low across the capital, retailers and service providers are increasingly looking for alternative locations.

Warehouse & industrial

World Panattoni heads to the Middle East

schedule 23 April 2024
Opr./edited by ANZ

Panattoni announces its expansion into the Middle East with the launch of an operation in Saudi Arabia. The company’s initial focus is on three of the largest Saudi Arabian cities: Riyadh, Jeddah and Dammam. The move marks a milestone for Panattoni in its ambition to capitalise on emerging opportunities in key global markets in the Middle East and Asia.

Office & mixed-use development

Poland Welcome to The Shire

schedule 22 April 2024
Opr./edited by JC

The Shire - Beyond Coworking in the Warsaw Spire C building was opened according to schedule. 40 pct of the 1500 sqm of office space has been leased even before the launch.

Land acquisitions

Poland CTP grows in Poland

schedule 22 April 2024
Opr./edited by JC

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 opportunity to build approximately 200,000 sqm of leasable space.

Investment & finance

Poland Mount TFI introduces fund of global REITs to WSE

schedule 22 April 2024
Opr./edited by JC

The first fund investing in REITs, Mount Globalnego Rynku Nieruchomości FIZ, made its debut on the Warsaw Stock Exchange.

Warehouse & industrial

Poland Panattoni gets to work in Silesia

schedule 22 April 2024
Opr./edited by JC

Panattoni has begun construction on a new industrial park in Będzin. The first stage of the work, that has already been launched, will comprise a 27,500 sqm building constructed on a speculative basis.

Office & mixed-use development

Poland More companies choose Diuna

schedule 22 April 2024
Opr./edited by JC

Two more companies have become tenants of Diuna, part of the Warsaw portfolio of Syrena Real Estate and PineBridge Benson Elliot. Intrum has leased nearly 370 sqm and Carrier Chłodnictwo took up about 500 sqm in the complex.

Investment & finance

Germany Panattoni Park Voerde changes hands

schedule 19 April 2024
Opr./edited by ANZ

Panattoni has completed a sales transaction in Germany. Clarion Partners Europe has acquired a prime logistics hub for EUR 75 mln near Duisburg.

ESG

Poland Outstanding Kreo

schedule 18 April 2024
Opr./edited by ANZ

Kreo, Ghelamco's Kraków office project, has achieved BREEAM certification at the Outstanding level. The building also has a WELL and Green Building Standard pre-certificate, and is also in the process of Smart Score, Wired Score and "Barrier-free building" certification.

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 4 (287) April 2024

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