Orbis sees 2018 capex at PLN 320 mln

Hotel operator Orbis targets 2018 capex of at least PLN 320 million versus PLN 93.5 million in H1. The expenses increase is due to two purchase transactions closed in July. In addition, Orbis plans to finish acquisition of MGallery in Prague next month and to open new hotels in Vilnius and Warsaw by the end of the year, board member Dominik Sołtysik said. In H1 Orbis opened 5 hotels with about 600 rooms. At the end of the period, it had 127 operating hotels in 12 countries.