Starwood Hotels and Resorts has sold its Hotel Bristol to an international consortium of private investors. The hotel is located on ul. Krakowskie Przedmieście, in the capital’s city center, close to the Presidential Palace and the Old Town.
The hotel was originally opened in 1901
Courtesy of Sharwood Hotels
Hotel Bristol, which now houses 168 rooms and 38 suites, is one of the oldest hotels in Poland. It was first opened in 1901 by Ignacy Paderewski, a famous Polish composer and pianist, who later became prime minister.
The hotel’s most prominent former guests include: Pablo Picasso, Queen Elisabeth II, John F. Kennedy and the Rolling Stones.
Earlier this year, the building underwent a €13 million refurbishment and was included in Starwood Hotels’ Luxury Collection, which comprises the hotelier’s 80 best hotels in the world. After the renovations, the lobby was enlarged and moved to its original place.
Advisory Jones Lang LaSalle brokered the deal.
“This deal underlines the strong investor appetite we are currently seeing for hotels in Central and Eastern Europe,” said Christoph Härle, CEO Continental Europe at Jones Lang LaSalle Hotels & Hospitality Group. “We are confident that the transaction markets will continue to develop positively in the coming years in Poland, one of the most vibrant economies in Europe.”
From Warsaw Business Journal
A day full of possibilities
BY Andrew Kureth
Will cabinet reshuffle save PO?
BY Remi Adekoya