Ghelamco has sold the hotel tower in The Warsaw HUB complex.
The investment fund Corum XL has become the owner of the 21-storey hotel tower in The Warsaw HUB complex, housing hotels of the Crowne Plaza and Holiday Inn Express chains. The transaction is one of the largest to have taken place on the Polish property market this year!
The complex consists of three buildings: An 86-metre-high hotel building and two 130-metre-high office towers with a shopping arcade, which were bought by the Google corporation last year.
“The sale of the hotel tower is a key milestone for us, closing the huge project which consisted in developing and commercializing The Warsaw HUB complex. The building has become an integral part of Warsaw's landscape and Wola’s business character. The Crowne Plaza and Holiday Inn Express operating there enjoy strong reputation and high occupancy all year round. At the same time, it is the only hotel in the Rondo Daszyńskiego area, which is, after all, the most important place on the business map of Warsaw. Congratulations to the new owner, Corum XL fund, for an excellent investment in a secure and promising asset,” says Jarosław Zagórski, Managing Director, Ghelamco Poland.