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...

Locked content Orbis to issue new bonds worth PLN 200 mln

Hospitality group Orbis, a unit of French Accor is planning to issue a new tranche of bonds, totalling PLN 200 million, according to the company’s financial director quoted by propertynews.pl. ‘We are working on an issue of bonds valued at PLN 200 million. As for now, I cannot specify an...

Locked content Orbis sells real estate worth PLN 14.3 mln

Hotel operator Orbis has signed a preliminary deal with Melior Investments to sell a property in Warsaw for PLN 14.3 million, the company announced. Orbis said the transaction is part of the company’s strategy to focus its activities on the hotel industry. Orbis hotels operate under brands own...

Locked content Orbis pays back PLN 300 mln

Orbis, Polish unit of Accor, said on Wednesday that it had made an early payment of PLN 300 million on a loan it took out with lenders Pekao and Societe Generale. The payment was made with funds obtained in a June bond issue, the company said. The total value of the loan stood at PLN…

Locked content Orbis to issue bonds

Hospitality group Orbis, a unit of French Accor, is starting its five-year bond issue on June 26. The total value of the securities is valued at PLN 300 million, parkiet.com reported. The funds which will be raised through the issue will be committed to paying off the group’s loan, the web por...

Locked content Orbis sells Mercure hotels in Lublin and Zamość

Hospitality group Orbis, a unit of French Accor, has signed a preliminary agreement to sell two Mercure hotels in Lublin and Zamość to DWP for PLN 21.5 million, the company informed.  The final agreement is to be signed within three months. Both parties agreed that the hotels will continue to operat...

Locked content Orbis revenues at PLN 229.2 mln in Q1 2015

The Orbis group reported revenues of PLN 229.2 million in Q1 2015, an increase of 12.6 percent year-on-year, Orbis announced. The company also said that their occupancy rate amounted to 53.5 percent, compared with 46.5 percent last year. The average price for a room stood at PLN 196.3 (VAT excluded)...

Locked content Ibis hotel in Riga will join Orbis group

Ibis hotel set to open in the center of Riga will join the Orbis hotel group at the end of 2016, Orbis announced. “The Ibis brand is very well known and appreciated in entire Europe by businessmen as well as by tourists. We believe that through the international network our hotel will use book...

Locked content Orbis profit up in 2014

Hospitality group Orbis, a unit of French Accor, recorded consolidated net profits of PLN 89.2 million in 2014, compared with PLN 64.98 million in 2014, the company announced in a report. The company’s operating profit amounted to PLN 101.1 million in 2014, versus PLN 81.89 million in the prev...