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News Bucharest hotel market to add 2,400 rooms by 2026
22
Aug
2024

Bucharest hotel market to add 2,400 rooms by 2026

by Property Forum
Bucharest’s hotel market is set to expand by around 2,400 rooms by 2026, outpacing the estimated growth from other CEE-based capital cities, according to a Cushman & Wakefield report.
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News Hotel occupancy in Bucharest up 5% in 2023
27
Feb
2024

Hotel occupancy in Bucharest up 5% in 2023

by Property Forum
The occupancy rate in Bucharest’s hotel market was up 5% in 2023 compared to the previous year, but it remains around 10% under 2019. However, average revenue per room was up 12%, which is higher than in pre-pandemic times, according to a Cushman & Wakefield Echinox report.
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News Bucharest hotel market reaches pre-pandemic levels
21
Aug
2023

Bucharest hotel market reaches pre-pandemic levels

by Property Forum
Bucharest is the fifth most attractive market out of 20 cities in CEE-12 in terms of the interest of the main operators to invest in new hotel facilities in the next period, while the results of hotel operators in the Romanian capital reaching pre-pandemic rates, according to a survey by Cushman & Wakefield Echinox. 
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News Bucharest hotel occupancy gets close to pre-pandemic levels
23
May
2023

Bucharest hotel occupancy gets close to pre-pandemic levels

by Property Forum
The occupancy of Bucharest hotels increased by 33% in the first quarter compared with the same period of last year, and remains about 5% below the 2019 level, according to a report by Cushman & Wakefield Echinox.
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Latest news


New leases

  • Woori Bank, one of the four largest banks in South Korea, will open its first office in Poland in the Park Postępu office complex in Warsaw. The tenant, which will occupy approximately 400 sqm, was supported by Itra Polska as an advisor. Woori Bank will occupy the office in December this year.
  • Moët Hennessy Polska, an LVMH company and part of the luxury products group, has signed a lease at Metropolitan Warszawa. Moët Hennessy Polska has leased 600 sqm of office space there.
  • Apollo-Rida, owner and manager of the Equal Business Park office complex in Kraków, has leased further office space totalling nearly 1,000 sqm. The new tenants are BRB Central Eastern Europe and Roeslein & Associates Poland.

New appointments

  • Agnieszka Niezgodzka joined Accolade as Associate Director of Asset Management. Her duties will be growing the portfolio and increasing the value of the properties.
  • Bartłomiej Polnik has joined Savills as Associate Director, Senior Project & Development Manager PRS & Living Sectors in the PBC department.
  • Katarzyna Chwalbińska-Kusek has taken on the role of business line head specialising in complex ESG consulting and will lead a multidisciplinary team of experts at Baker Tilly TPA.

ABOUT US

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