GledenInvest completes acquisition of Prague's Augustine Hotel

GledenInvest has completed the acquisition of the Augustine Hotel in Prague. Terms of the transaction were not disclosed. The hotel will reportedly undergo an imminent rebranding and be operated by an international hotel operator. The hotel currently has 101 rooms.

The hotel was formerly run by Rocco Forte Hotels, which amid financial struggles, dropped it from its collection in April of last year. The hotel currently is part of Leading Hotels of the World.

The Augustine Hotel is located in the heart of the Malá Strana, the oldest part of the Prague’s historic district, between the Prague Castle and the Charles Bridge. It opened in 2009 following an extensive restoration and refurbishment. The hotel occupies seven buildings including a 13th-century monastery and brewery that was once home to the friars of Saint Augustine.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.



Suggested Articles

BentallGreenOak, Flank Management and Geolo Capital have acquired the Hutton Hotel in an all-cash purchase.

Frontline Real Estate Partners: Hospitality Division has leadership from Frontline Real Estate Partners, Four Corners Advisors and Aries Capital.

The two locally owned resorts join the Benchmark Resorts & Hotels brand as a result of the deal.