The Hilton Hotel in Prague is for sale, maybe it will change its name
The largest hotel in the Czech Republic, Hilton Prague, is for sale. The transaction is mediated by JLL, which was commissioned by the current owner, Avid Asset Management. In addition, the management contract with the Hilton chain ends with the 791-room hotel, so the new owner will be able to rename it.
“Under the management of the Hilton chain, the Hilton Prague hotel has achieved unique business growth in the last few years. Extensive investment in affordable accommodation will achieve and maintain the highest standard, “said Avid Asset Management CEO Paul Morgan.
According to him, now is the right time to sell this property. “We offer another investor a chance to benefit from these advantages and continue to improve one of the best hotels in Central and Eastern Europe,” he added.
Sales are recorded by favorable circumstances
The situation on the Prague hotel market has been improving recently. In August this year, total revenue per room increased by 5.6 percent. The number of foreign tourists is also increasing. Only during the summer holidays to them in the Czech Republic six percent more arrived.
According to the real estate consulting company JLL, which mediates the sale of Hilton, investments in the Prague hotel market are reviving, their volume last year reached 250 million euros (approximately 9.4 billion crowns). For example, the InterContinental and Kempinski hotels in Prague have recently changed owners.
The hotel is in good condition |
---|
Hotel building is in good condition, the current owner has invested more than 50 million euros (1.4 billion crowns) in the modernization of all rooms and the establishment of the Cloud 9 bar since 2004. The Prague Hilton has chosen a number of world celebrities for its stay in Prague, including American Presidents Bill Clinton, George W. Bush and Barack Obama.
In addition to almost eight hundred rooms This is because the Prague Hilton also offers more than 7,000 square meters of conference space. It is also one of the largest conference hotels in Central and Eastern Europe. You are on the right bank of the Vltava near the Florenc metro station Five stars hotel, authored by architect Stanislav Franc, grew up in the second half of the 1980s. The hotel was originally named Atrium after the large glazed atrium that forms the center of the building. The hotel also had a Maze restaurant the famous British chef Gordon Ramsay, who received a Michelin star in 2009 but disappeared before the award was announced. According to consulting company Mag Consulting is average room price in the Hilton Prague Hotel 250 euros (about 6950 crowns). The hotel has won a number of awards, among other things, was declared the best hotel in the Czech Republic by the travel magazine TTG (Travel trade gazette) six times in a row and won the World Travel Awards in Europe 2014. |