Radisson to bring Red brand to Warsaw, Poland

Elie Younes, EVP/chief development officer, Radisson Hotel Group, said Poland was recently upgraded to "developed market" status by analytics firm FTSE Russell. Photo credit: Radisson Hotel Group

Just days after announcing the launch of its Collection brand in the city, Radisson Hospitality AB, part of Radisson Hotel Group, has signed a deal to open the Radisson Red Warsaw in Poland's capital. When the hotel opens in 2023, it will bring the group's portfolio to 17 hotels and almost 3,800 rooms open or under development in Poland.
Elie Younes, EVP/chief development officer, Radisson Hotel Group, said, noted that Poland was recently upgraded to "developed market" status by analytics firm FTSE Russell—"the first country to experience such an upgrade in a decade," he said
The new-build Radisson Red Warsaw will have 267 guestrooms, a restaurant and bar, a gym, and an 820 square meters of meetings and event space. Designed by Arquitectonica, the hotel will be an integral part of the high-rise Liberty Tower.
Warsaw-based hotel investment advisory firm Hotel Professionals managed the process of the brand search, and eventual long-term lease agreement negotiations for the company's client Golub GetHouse.
The Radisson Red Warsaw will be operated by Radisson Hospitality AB under an international lease agreement.

Earlier this year, Michael Grove, director of hotel intelligence and customer solutions at HotStats, noted growing demand for branded properties in Poland. “Supply growth has been incredible for the last four or five years. They see it as an exciting area for growth.” According to an October report from Cushman & Wakefield, Warsaw alone had 6 million overnight stays in 2017.  


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.