Imperial Hotel Ostrava plans further refurbishment
Prague, 17th January 2007: For the past six years, MaMaison Hotels & Apartments (a brand of leading investor and developer ORCO Property Group), has successfully operated one of Ostrava’s most famous hotels and landmarks, the Imperial Hotel. Since purchasing this renowned 4-star hotel in 2001, the company has invested more than EUR 2 million into its extension and an increasing the quality of services offered. The next steps of this ongoing refurbishment are planned for the first quarter of 2007, increasing hotel capacity from its current 155 rooms to 163 rooms. In Q3 2007, an entire floor of standard rooms will be reconstructed and refurbished into luxury comfort rooms. All refurbishments are earmarked for completion in spring 2008.
The Imperial Hotel Ostrava is arguably one of city’s most prominent landmarks, and is conveniently situated in the heart of the city centre – only a few steps away from the main square and in walking distance to the main business and shopping districts. The hotel’s occupancy reaches 61% on average. Czechs amount to 25% of guest nationalities; the rest are visitors from around the world, primarily from all European countries, Korea, the Middle East and USA.
The four-star Imperial Hotel currently offers 155 fully equipped rooms, 58 single rooms, 68 double rooms, 13 apartments, 11 rooms with higher standard and 4 luxury long-stay apartments. Imperial provides its guests with closed underground and outdoor parking places. The hotel has four restaurants, a salt water swimming pool and a congress centre. As a standard service, dailies in 50 world languages are available at the hotel, primarily to provide guests with a small ‘taste of home’.
Mr. Dick R. Bliek has been General Manager of Imperial Hotel since October 2002, and was appointed as Regional Director for MaMaison Hotels & Apartments with effect from the 1st October 2006. In this position, Dick R. Bliek is also involved in new developments and acquisitions in the region of Moravia in the Czech Republic and Silesia in the South Poland, where the company owns two properties: Imperial Hotel in Ostrava and Parkhotel Vienna in Bielsko-Biala. Prior to joining the ORCO team in 2002 he worked for two years as General Manager of a large hotel complex on the Black Sea coast in Russia. Dick R. Bliek is a Dutch national.
Parkhotel Vienna Hotel is one of most modern-design hotels in the south of Poland, located in the picturesque locale of Beskid Slaski and Beskid Zywiecki mountains, in Bielsko-Biala. The hotel offers 113 fully equipped rooms (TV, SAT, internet access). Parkhotel Vienna provides excellent conference room facilities for 300 persons as well as providing luxurious dinning and recreational facilities. The hotel’s lobby, bar and two restaurants were refurbished at the end of 2006 in order to reach international levels of atmosphere and quality, also characteristic of the MaMaison Hotels & Apartments portfolio. At the end of this year, a new on-site wellness centre will be opened.
Notes for editors:
ORCO Property Group is a leading investor, developer and asset manager in the Central European real estate and hospitality market, currently managing assets of approximately EUR 1 billion as estimated on 30/06/2006. Operating in Central Europe since 1991, ORCO Property Group is a public company, based in Luxembourg, and listed on both the Euronext and Prague Stock Exchange. ORCO Property Group’s portfolio includes, IPB Real, MaMaison Hotels & Apartments, Viterra Development, ORCO Real Estate, and other retail properties. ORCO Property Group operates in a number of countries including, mainly, the Czech Republic, Hungary, Poland, Russia, Croatia, Germany and Slovakia. ORCO Property Group is continually analyzing investment into new territories. ORCO Property Group is also sponsor and manager of the Endurance Real Estate Fund for Central Europe, a Luxembourg–regulated, closed–end umbrella fund whose total subscribed capital represents EUR 141.6 million, and which currently manages assets of approx. EUR 160 million. Estimated total value of the Fund’s portfolio after investment of full subscribed capital is ca. EUR 500 million. The Endurance Fund is dedicated to institutional investors and focuses on acquisitions in Central European real estate markets. ORCO has opened a second sub fund in the ENDURANCE umbrella fund, with an initial equity target of EUR 100 million. The fund started its activities in October 2006, is dedicated to institutional investors, and focused on the acquisition, development, management and disposition of middle class and luxury residential properties located across Central Europe, Germany, Croatia, and Russia.
MaMaison Hotels & Apartments
A brand of ORCO Property Group, operating all hospitality products. These products are the most luxurious of their kind and excel in design originality and high levels of service. Some MaMaison Hotels & Apartments properties belong to the very prestigious group, Small Luxury Hotels of the World and Hotels & Preference.
MaMaison Hotels & Apartments is a new brand, established by the union of two hospitality divisions, MaMaison Residences and ORCO Hotels Collection.
This brand currently operates the following properties in Central Europe:
Prague (Czech Republic):
- Hotel Pachtuv Palace (www.pachtuvpalace.com)
- Riverside Hotel (www.riversideprague.com)
- Residence Belgicka (www.mamaison.com)
Ostrava (Czech Republic):
- Imperial Hotel (www.imperial.cz)
Bratislava (Slovakia):
- Residence Sulekova (www.residence-sulekova.com)
Warsaw (Poland):
- Hotel Le Regina (www.leregina.com)
- Residence Diana (www.mamaison.com)
Bielsko-Biala (Poland)
- Parkhotel Vienna (www.vienna.pl)
Budapest (Hungary):
- Andrassy Hotel (www.andrassyhotel.com)
- Residence Izabella (www.residence-izabella.com)
Moscow (Russia):
- Residence Hotel Pokrovka (www.mamaison.com). Opening - March 2007.
For further information, please, contact:
Pavla Drmotová, Best Communications , pavla.drmotova@bestcg.com, tel: +420 25753 2030