ARTICLES LABELLED WITH TAG hotel

The hotel sector in Romania in on the recovery path following the steep drop in demand recorded in 2020 due to lockdown measures designed to contain the pandemic. Despite the health crisis, few projects have been abandoned, while deliveries of new hotels were delayed or postponed. 

Radisson Hotel Group has announced the opening of Belgrade Art Hotel, a member of Radisson Individuals, located in the heart of the old city. This opening marks the debut of the Radisson Individuals brand, a conversion solution recently launched in Europe in Q4 2020 and complements the existing Radisson Collection Hotel in Serbia's capital city.

In 2020, €370 million was transacted in the CEE-6 (Bulgaria, Czech Republic, Hungary, Poland, Romania and Slovakia) region. This figure was far below initial expectations for the year (€1.8 billion), as many deals were put on hold or withdrawn, and transaction activity initially brought to a near halt as a result of the pandemic. Most of the volume transacted in the last year (87.6%) comprised deals that had already been committed to before the outbreak of the pandemic.

The International WELL Building Institute™ (IWBI) has confirmed that the Crowne Plaza and Holiday Inn Express Warsaw - The HUB and conference centre located in The Warsaw HUB complex have been awarded the WELL Health-Safety Rating. They are the first hotels in Europe to receive this certification. Since July last year, nearly 12 thousand objects all over the world have been trying to obtain this certification. As a result, the entire complex of The Warsaw HUB meets the stringent security requirements against COVID-19.

Radisson Hotel Group announced the relaunch and repositioning of Radisson Blu Hotel Bucharest, following a major capital investment to transform the hotel’s lobby and garden area, as well as increase the hotel’s room inventory by more than 600 rooms.

Representatives of the global hotel industry have found themselves in a very difficult situation due to government restrictions that significantly limited the possibility of doing business. Justyna Kijewska, Associate, Senior Portfolio Manager at Cushman & Wakefield, talks about the current health of the hotel sector and predictions of hotel owners.

Lithuanian hotel operator Apex Alliance Group has announced the opening this summer of its most extensive project in Romania, The Marmorosch Bucharest, Autograph Collection. 

Petra Kucková has become the new Head of Sales and Marketing at Zeitraum. The company has specialized in student housing with a network of private campuses in Prague and has now expanded its business to another segment by launching its first project with serviced rooms and apartments right next to Wenceslas Square in Prague.

The pandemic has caused a lot of change on the market but these changes can easily be viewed as an opportunity for further growth as Jonathan Hallett, Head of Central & Eastern Europe at Cushman & Wakefield demonstrates. He talked to Property Forum about the results of the last year and shared his expectations for the future of work and the CEE advisory market.

Radisson Hotel Group has announced a €24 million investment program in Radisson Blu Bucharest Hotel, owned by Revetas Capital and Cerberus Capital Management, that will include the redesign of common spaces and the increase of the room count.