NEWS Topic of ThE moNTh markETiNg oN-liNE pulS Spa
Vip iNTErViEW rEporT coNcEpT & DESigN TEchNology & EquipmENT
 nEWs
Investment slump rises slightly Religa provides holiday apartments for
the masses
EMEA REGION The hotel investment market in the EMEA region (Europe, Middle
East and Africa) declined at lower rate in the second quarter of the year com- POLAND Religa Development Group has announced plans to develop the
pared to Q1, according to research carried out by Jones Lang LaSalle Hotels. In Walończyk hotel-apartment complex near Szklarska Poręba. The complex will
Q2 the volume of transactions fell by 49%, as opposed to the much more drastic have accommodation for 225 guests in apartments of between 25 and 45 m
2
.
fall of 80% in the first quarter. Spain was the most active market in H1, with nearly There will also be bars, a recreation and leisure centre and an underground car
€200m worth of deals transacted, with the UK in second place (€180m). Domestic park. Construction work is scheduled to start next year and is likely to be com-
capital remained the largest single source of this investment, although down from pleted by the end of 2012. Most of the apartments will be put up for sale for as yet
more than 50% in Q1 to 44%; while hotel operators remain the dominant buyer undisclosed prices. The complex has been designed by architects Philip Lutz and
group, accounting for 36% of the transacted volume. Stanisław Bocheński.
photo: religa development group
InterContinental opens in Kyiv
UKRAINE International hotel operator InterContinental Hotels & Resorts has opened
a new hotel in Kyiv – InterContinental Kiev. The 11-storey building was designed by
the famous Ukrainian architect Sergey Babushkin, and is to feature 272 deluxe
rooms, two luxury ‘royal’ apartments (212 m
2
) and a presidential suite (314 m
2
). The
hotel will also have a ballroom for 450 people.
photo: interContinental
Grand opening in Varna
BULGARIA The 5-star Grand Hotel Dimiyat has opened in Varna. The investor be-
hind this €10.5m project is Bulgarian businessman Dimitar Lefterov, the owner of
the Laguna holiday estate in the Golden Sands resort. The 14-storey hotel, which is
located in the centre of Varna, will also contain an office section, a casino and a
restaurant on the two highest floors.
NOVEMBER 2009OCTOBER 2009 3
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