Prima seeking investor to build Best Western hotel chain

Wroclaw-based Prima which is licensed to run Best Western Hotels, intends to create a network of 40 hotels in Poland. However, the company is searching for an investor. For the time being the company intends to expand the Prima Best Western hotel in Wroclaw which in 1999 was the first completed investment of Prima. "The number of rooms in the hotel will be increased from 79 to 230. Besides, by the end of 2000 we are planning to finish the construction of hotels in Lodz," said Prima's president Jan Kedzierski. He also said so far the company has invested around $30 million and plans to invest $120 million more. As of now, the company is negotiating with American and Polish investment funds for financial support. " By the end of 2000 our company will clinch a deal with a financial investor," said Kedzierski. (Puls Biznesu, page 8)