Europa Capital, the pan-European real estate investment manager, announces that it has sold the Radisson Collection hotel in Warsaw, Poland, on behalf of its value add fund, Europa Fund V (the “Fund”), to Wenaas Hotels Europe A/S, part of Wenaasgruppen.
The sale follows the comprehensive refurbishment of the property, which has been upgraded from a Radisson Blu to a five star Radisson Collection branded hotel, the first in Poland. The hotel, which has a total of 311 rooms and suites, will continue to be operated by Radisson Hospitality AB under an International Management Agreement. The refurbishment and the upgrade of the hotel to a five star Radisson Collection Hotel was managed by WX Management Services.
Additional amenities include a modern, redesigned reception area with a lobby bar; a fine dining restaurant and open plan breakfast restaurant; communal areas; a fitness centre; and meeting and events facilities.
Located within Warsaw’s city centre and near the city’s financial district, the Radisson Collection Hotel is situated close to many of the city’s historical and cultural attractions, as well as having excellent transport links with the Warsaw Chopin Airport and the Central Railway Station.
Source : Europa Capital