Orbis announces expansion plans

In Q1 2016, Orbis Group signed five new hotel management agreements in Warsaw, Budapest and Sofia. As a result, the chain will gain 705 hotel rooms in total. In addition to this, this year the company will add seven other new hotels (702 rooms) to its network, as the result of previously signed franchise agreements, Eurobuild CEE informed. Orbis plans to expand not only through franchise agreements and management, but also by building its own hotels, e.g. the Mercure Kraków Stare Miasto (200 rooms) and Ibis Gdańsk (120 rooms), the opening of which has been scheduled for H2 2016. In the first quarter of the year, Orbis finalised the buy-out of two leased hotels: Mercure Budapest City Center and Ibis Budapest Heroes Square.