Poland CEE’s top investment magnet

Poland advanced by one spot to reach the ninth place in the pan-European ranking run on a sample of 340 investors from across the world.

Great Britain, Germany and Spain were ranked top three in the poll.

Poland's top position in the CEE region “means that [Poland] is the first choice for those aiming to enter the hotel business in this part of Europe,” Przemysław Felicki, head of capital markets at CBRE said.

Last year, investment in hotels in Poland reached PLN 1.53 billion (EUR 350 million).

Ninety percent of the respondents queried in the study said they intended to invest in a hotel this year, while a half said they planned to spend more than in the previous year.

Felicki said: “A growing number of hotels are being built and new operators intent on opening facilities in Poland are also cropping up.”

“The market is flexible, which attracts investors,” Felicki added.

Three-star hotels are the key focus of investors, the daily said.

The high demand in the hotel segment is in line with a general trend of investors increasingly eyeing Poland for investment opportunities, Rzeczpospolita said.

Last year, the total value of investment transactions in Poland amounted to over EUR 5 bn.

(aba)

Source: Rzeczpospolita