Luxury living

The 1898 Residence, recently opened by Hyatt Regency Warsaw on ul. Marszałkowska in downtown Warsaw, comprises 24 apartments for primarily long-term rent. The renovated building, originally constructed in 1898 by Edward Goldberg, is one of the city's oldest buildings to have survived WWII. The revitalization process, conducted according to the city conservator's requirements, took some four years and cost over zł.44 million.

"In its short time of existence, the 1898 Residence has received a list of tenants including doctors, lawyers, CEOs and other high-level professionals on mostly long-term stays. These apartments achieve a considerably higher level of value for money. While a stay of one month in a five-star hotel room will be in the range of EUR 3,000-3,500 [zł.11,816-13,755], a one-bedroom apartment for the same period can be rented for approximately EUR 2,200 [zł.8,646]," says Josef Kral, general manager at Hyatt Regency Warsaw.

The apartments, with space of 50-150 sqm, include a living room, a wood and glass kitchenette, a working space and one or two bedrooms and a bathroom. The residence provides additional services and facilities, such as cleaning, laundry, personal safe-deposit boxes as well as discounts for the facilities and restaurants in the Hyatt Regency Warsaw Hotel on ul. Belwederska.

According to Kral, Hyatt International anticipates opening 30-35 new hotels around the globe over the next four years. New hotels under various stages of development in the Eastern European region include locations such as Kiev, Moscow and St. Petersburg. "Poland, with its growing secondary cities such as Kraków, Poznań, Gdańsk and Wrocław, remains of significant interest for future expansion," adds Kral.

Andrzej Wróbel