Accor's Orbis to open 5 hotels with 760 rooms in Q2

  • Description

Date: 2012-04-27 08:55

Poland's biggest hotel chain operator Orbis - controlled by France's Accor - plans to open five new hotels in Q2 of 2012. These will be: two combos - ibis and ibis budget in Cracow and in Warsaw as well as new ibis in Kaunas under management contract, in line with its "asset light" strategy.

These new openings will provide 760 new rooms in total, according to the firm's financial report. Besides the new hotels, Orbis continues modernizing its current hotel network - in Q1 of 2012 five Novotels were refurbished.

Total CAPEX amounting to PLN 33.4mn (EUR 8.0mn; vs. PLN 1.3mn a year before) was spent during the quarter to finance these modernization and development works.

Currently, the group operates through 53 hotels in Poland and 2 in Lithuania, with over 10,500 rooms. The management notes that all available forecasts hint at a positive year in the Polish tourism industry.