Europa Capital, the pan-European real estate investment manager, has now begun a £10m comprehensive refurbishment of Warsaw’s Radisson Blu Centrum Hotel, which will see the property transformed and added to Radisson Hotel Group’s global portfolio of Radisson Collection branded hotels, the first in Poland.
The hotel will be significantly upgraded to include a modern lobby and lounge, open plan common areas, exceptional meetings and events facilities, with the capacity to host more than 400 people. All of the hotel’s 311 rooms will be remodelled to create the highest standard of guest experience. The hotel is closed during the refurbishment period with expected completion in the first half of 2019.
Located within Warsaw’s city centre and near the city’s financial district, the Radisson Collection Hotel, Warsaw will be ideally situated for business travellers. The hotel will benefit from excellent transport links with the Warsaw Chopin Airport only 25 minutes away and the newly renovated Central Railway Station approx. 1 kilometre away, providing convenient access to other Polish cities as well as major business hubs such as Berlin, Paris, London and Rome.
Europa Capital partnered with WX Management Services on the project, drawing on the firm’s localised and sector-specific asset management skills. Europa Capital and WX Management Services previously worked together to refurbish the Radisson Blu Sobieski Hotel, Warsaw which successfully completed in 2010. The partners will work closely with Radisson Hotel Group on the upcoming refurbishment. The Radisson Collection Hotel, Warsaw will be operated by Radisson Hospitality AB under an International Management agreement.
James Pennington, Director at Europa Capital, commented: “Warsaw is a prime destination for business travellers and a growing tourist destination so we were keen to create a modern, fit-for-purpose hotel to match the city’s dynamism. This comprehensive refurbishment will modernise and rebrand the existing Radisson Blu Centrum, upgrading its offer to deliver Warsaw’s newest premium lifestyle hotel, right in the heart of Poland’s capital.”
Elie Younes, Executive Vice President and Chief Development Officer, Radisson Hotel Group, said: “Located in the heart of the city, this property becomes part of a select group of 25 hotels to have joined Radisson Collection since last year. We’re grateful to our partners, Europa Capital, for their trust in our people and our brands.”
For further information, please contact:
Dido Laurimore/ Richard Sunderland/Eve Kirmatzis
Tel: 020 3727 1000
Notes to Editors:
About Europa Capital:
Europa Capital is a dedicated real estate investment manager focused on the European markets. We specialise in investment through both equity and debt strategies where we employ our real estate asset management skills and experience to maximise value in all property classes across Europe.
Since its formation in 1995, Europa Capital has collectively raised ten real estate funds and committed to over 130 transactions totalling more than €11.3 billion across 20 European countries.
Europa Capital focusses on delivering compelling risk adjusted returns for a global audience of investors driven by real estate fundamentals spanning value-add, core/core plus and debt investment strategies.
Europa Capital is majority owned by Mitsubishi Estate Co. Ltd, one of the world’s largest real estate groups, which is a strategic investor alongside Management. Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Conduct Authority.
Further information can be found at www.europacapital.com.
About Radisson Collection
The Radisson Collection™ is a premium lifestyle collection of exceptional hotels in unique locations. The character of each Radisson Collection hotel feels authentic to its location and offers the ultimate template for contemporary living – united by modern design and exceptional experiences across dining, fitness, wellness and sustainability. Designed for guests and locals alike, each Radisson Collection hotel is defined by the guests who visit them and those who serve in them. All hotels are situated in prestigious locations, close to prime leisure attractions. Guests and professional business partners can enhance their experience with Radisson Collection by participating in Radisson Rewards™, a global loyalty program offering exceptional benefits and rewards.
Radisson Collection is part of the Radisson Hotel Group™ which also includes Radisson Blu®, Radisson®, Radisson RED®, Park Plaza®, Park Inn® by Radisson, Country Inn & Suites® by Radisson and prizeotel.
For reservations and more information visit, www.radissoncollection.com
About Radisson Hotel Group
Radisson Hotel Group™ is one of the world’s largest hotel groups with eight distinctive hotel brands, and more than 1,400 hotels in operation and under development around the world. The Radisson Hotel Group portfolio includes Radisson Collection™, Radisson Blu®, Radisson®, Radisson RED®, Park Plaza®, Park Inn® by Radisson, Country Inn & Suites® by Radisson and prizeotel.
Radisson Rewards™ is a global rewards program that delivers unique and personalized ways to create memorable moments that matter to our guests. Radisson Rewards offer exceptional loyalty benefits for our guests, meeting planners, travel agents and business partners.
Radisson Meetings place people at the heart of everything we do and treat every meeting or event as more than just a date in the calendar. Designed around three key commitments – Personal, Professional and Memorable – delivered through bespoke services, Radisson Meetings create successful and unique experiences for our guests.
More than 95,000 team members work globally for the Radisson Hotel Group and at the hotels licensed to operate in its systems.
For more information, visit:
About WX Management Services:
WX Management Services is a boutique (real estate) advisory and services company providing comprehensive real-real estate management services for investors.