Union Investment buys Kraków hotel for €26 mln

Image: Union Investment

German real estate investor Union Investment has acquired the Park Inn by Radisson hotel in Kraków from UBM Development and Lindorcenia. The value of the transaction, which marks the company’s second hotel acquisition in the city, amounts to approximately €26 million. Kraków’s Park Inn by Radisson hotel, which is located on the south bank of the Vistula, close to the ICE Kraków conference center, was opened in 2009 and offers 152 rooms. It is managed by the Radisson Hotel Group. Union Investment earlier this year bought Holiday Inn hotels in Warsaw and Gdańsk. Altogether, the company now owns six hotel assets in Poland.

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