Fund management group Europa Capital has finalized the acquisition of the Radisson Blu Centrum Hotel in downtown Warsaw. Boutique real estate advisory WX Management Services advised the buyer, co-invested in the transaction and will provide asset management services for the project. Located in the Warsaw CBD, the four-star Radisson Blu Centrum Hotel offers 311 rooms, as well as a number of restaurants and conference and leisure facilities. “The Warsaw hotel market is currently experiencing a period of demand supply imbalance. This is a fantastically well-located asset in central Warsaw with a very strong performance track record. We have experience in this sector with our successful refurbishment of the Sobieski Hotel and are teaming up with the same partner in WX Management Services to undertake a comprehensive refurbishment and to drive performance. We will be working in close co-operation with Radisson, who will continue to operate the hotel,” said Robert Martin, co-founding principal and head of Central Europe at Europa Capital.
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