The Polish chain Focus Hotels, part of the Immobile Capital Group, has concluded a lease agreement for its first hotel in Wrocław; plans to open the facility in the fourth quarter of 2024, the company announced.
“The new Focus Hotel Premium Wrocław will be located in the very heart of Wrocław, at 19 Kazimierza Wielkiego Street. The facility will include 87 rooms and apartments in a 4-star standard, a restaurant, a conference room, a fitness center and an underground garage,” we read in the release.
The hotel is owned by FR Investments Wrocław Sp. z o. o. part of the Futureal Group, one of the leading developers on the European real estate market. This is Focus Hotels’ first agreement with rent in euros and was concluded for a period of 15 years.
“We are three-fold pleased with this investment, because firstly, we are entering a new large market, which is Wrocław, secondly, we managed to quickly implement the announced project with rent in euros, and the third reason is to gain the trust of such a large entity as Futureal Group.” – said Łukasz Płoszyński, vice-president of Focus Hotels, quoted in the release.
“At the same time, it is worth mentioning that Focus Hotel Premium Wrocław is the next step in the dynamic development of the Polish chain Focus Hotels S.A. This is already the sixteenth hotel in the portfolio, and the constant search for new projects is an integral part of our development strategy,” we read further.
The Immobile Capital Group is a conglomerate from Bydgoszcz, listed on the Warsaw Stock Exchange since 2007. Its portfolio includes companies operating in the industry, hotel industry, development, clothing industry, automation and power engineering, and industrial construction.