Hornigold REIT with Katowice condo hotel project

NewConnect-listed investor Hornigold REIT, a subsidiary of Śląskie Kamienice, has acquired a hotel building in downtown Katowice, which it will transform into its first condo hotel project. The value of the transaction amounts to almost PLN 19.5 million. The scheme, which will be completed by the end of this year, will offer 46 hotel rooms as well as office, restaurant and recreational areas. Earlier this year, Hornigold REIT announced its plans to open two condo hotels in Katowice. The other property, which will be located on the outskirts of the city and will comprise six luxury apartments, has also already been bought by the company and is now being renovated.

(Warsaw Business Journal)