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 Event


Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.



Suggested Articles

SVC plans to transfer the branding and management of 98 Marriott hotels to Sonesta.

Shortly after acquiring six hotel portfolios from Colony Capital, Highgate has assumed management of Trust Hospitality’s portfolio of 22 properties.

The Kelley House is one of the five oldest hotels in the U.S., taking up six buildings in Edgartown, Mass.