IHG to debut first hotel in northern Poland

The Holiday Inn Gdansk-City Centre is the 53rd hotel developed by UBM Development AG. Photo credit: IHG

IHG is set to open its first hotel in the Northern part of Poland on July 5. The Holiday Inn Gdansk-City Centre is part of IHG’s collaboration with development partner UBM Development AG and marks the fifth hotel opening through the partnership within the pastthree years.

Located on Granary Island, an urban development, the property has 240 guestrooms on seven floors, five conference rooms, a 24/7 gym, an open lobby and a Sky Bar. 

The Holiday Inn is the 53rd hotel developed by UBM Development AG. Based on a forward purchase agreement, the hotel was sold to Union Investment in January 2018 and will be fully integrated in Union Investment’s portfolio in Q3.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

The property will be managed by IHG. 

"Thanks to its unique location within the city, conference space and dining options, this hotel will have a big impact in the growing economy of Gdansk," said Karin Sheppard, managing director, Europe at IHG. "Poland has been a very important market for us in Europe and a market with a great success story. It has the eighth largest economy in the European Union with a rapidly growing hotel industry."

Martin Löcker, COO of UBM Development, added this project is the 16th hotel the company has developed with IHG. 

As of the end of March, IHG has 11 hotels open in Poland. By 2021, the company expects to open an additional 17 hotels, effectively tripling IHG’s system size in the country and adding Crowne Plaza and Staybridge Suites to the brand portfolio.

Suggested Articles

The latest report from STR shows negative year-over-year results in the three key performance metrics during the week of July 7-13.

Ritesh Agarwal, the company's 25-year-old founder and CEO, has signed a $2 billion primary and secondary management investment round.

By year's end, the Turkish hotel company will have five properties along the Red Sea and Mediterranean.