Holiday Inn developer to build 20 hotels for zl.700 ml.
Global Hotels Development Group Poland (GHDGP), developer of Holiday Inn
Hotels, announced it will build a network of 20 hotels in Poland within 10
years at a cost of zL.700 million. Seven of the planned hotels will be
four-star, while the remaining 13 will be mid-range. "The construction of
one fully-equipped Holiday Inn hotel, furnished with 140 to 160 rooms,
will cost between $14 million and $15 million," says GHDGP president
Marceli Krol. The mid-range hotels, which will be called Express Holiday
Inns, will be equipped with smaller rooms, smaller restaurants and fewer
conference rooms in comparison with the four-star Holiday Inn hotels.
After launching at least eight hotels in Poland, GHDGP intends to go
public on one of the European stock exchanges. (Puls Biznesu, p.4)
