Locked content Orbis net profit rises to PLN 80 mln in Q3

The Orbis Hotel Group recorded a consolidated net profit of PLN 80.05 million in Q3 of 2016, up from PLN 75.8 million a year earlier, the company announced. The operational profit amounted to PLN 104.82 million versus PLN 95.33 million a year before, while consolidated sales revenues stood at PLN 39...

Locked content Ibis to build its first hotel in Rzeszów

The first Ibis hotel will be opened in Rzeszów at the beginning of 2019, the company announced in a market filing. The 105 room facility will include a conference area, a restaurant and an underground car park for 92 vehicles. The opening is planned for Q1 2019 and the hotel will be included in the ...

Locked content Orbis profit up in H1, plans to open 23 hotels in 2 yrs

Hospitality group Orbis, a unit of French Accor, recorded consolidated net profits of PLN 71.1 million in H1 2016, compared with PLN 53.28 million in H1 2015, the company announced in a report. The company’s operating profit amounted to PLN 91.52 million in H1 2016, versus PLN 71.35 million in...

Locked content Orbis announces expansion plans

In Q1 2016, Orbis Group signed five new hotel management agreements in Warsaw, Budapest and Sofia. As a result, the chain will gain 705 hotel rooms in total. In addition to this, this year the company will add seven other new hotels (702 rooms) to its network, as the result of previously signed fran...

Locked content Ibis Hotel expands to Białystok

Ibis Hotel will open its unit in Galeria Jurowiecka (Białystok) on May 14, the company informed. The new Ibis Styles Hotel will have 129 rooms, a restaurant, sauna, gym and 14 meeting rooms. It will be one of the biggest hotels in Białystok and the first ever in Podlaskie Voivodship belonging to the...

Locked content Orbis with higher revenues in Q1 2016

The Orbis group reported revenues of PLN 247.2 million in Q1 2016, an increase of 7.9 percent year-on-year, Orbis announced. The company also said that their occupancy rate (in Poland) amounted to 56.7 percent, compared with 53.5 percent last year. The average price for a room stood at PLN 198.9 (VA...

Locked content Orbis to merge with Hekon-Hotele Ekonomiczne

Orbis has decided to merge with its subsidiary Hekon-Hotele Ekonomiczne. The formal owner aims to simplify the organizational structure, optimize tasks and functions, and streamline the management process. The deal should be implemented by Hekon-Hotele Ekonomiczne’s owners. In 2012, Hekon-Hote...

Locked content Orbis plans construction of 4 hotels

Orbis Vice-President Ireneusz Węglowski announced that the group will open four new hotels in the near future. Two of these projects are already being built in Kraków and Gdańsk, and both are scheduled to open at the end of this year. Another hotel will be erected in Szczecin, though it is still unk...

Locked content Orbis to build 10 new hotels in 2016

The Orbis group will expand its portfolio by 10 new hotels in 2016, the company announced in a press release on Thursday. This will include securing the franchise rights of existing hotels as well as constructing new ones, bringing the total number of hotels in the group’s control to 118. The ...

Locked content Orbis to acquire two hotels in Hungary

Polish hospitality group, Orbis and its subsidiary, operating in Hungary – Accor-Pannonia Hotels Zrt., signed a preliminary purchase contract to acquire two hotels in Budapest from Flums Korlátolt Felelősségű Társaság, a press release read. Ibis Budapest Heroes Square (139 rooms) and Mercure B...