Hotel Radisson Blu in the centre of Warsaw was purchased by the Europa Capital investment fund. The facility is to undergo a thorough refurbishment. The tax advisor for this investment was TPA Poland鈥檚 Team of Experts.
The previous owner of the hotel was P H D Polska, a company owned by the Shaw Investments fund. The price of the transaction remained a secret, and the parties to the transaction described it only as attractive in comparison with the current market prices.
Hotel Radisson Blu is situated at Grzybowska Street in Warsaw. It has 311 rooms and 8 conference rooms with the total area of nearly 600 sq. m. The hotel also has two restaurants, a lobby bar, as well as a spa section with a swimming pool, a gym, a sauna and a steam room.
There is still a significant demand for hotels in Poland. The investment by the Europa Capital fund is a good decision, considering the location of the facility chosen, plans concerning its refurbishment, as well as experience in the hotel industry. TPA Poland provided support to the fund with regard to tax consultancy in this transaction. We are happy that we could participate in it as it will definitely make the hotel market more attractive.
-comments Krzysztof Kaczmarek, Managing Partner in TPA Poland.
