Colliers Secures Sale of Grand Hotel Lodz for 20m EUR

Lodz, Poland, January 30, 2008 --(PR.com)-- The hotel is the most recognizable hotel in Lodz, located in the heart of tourist and business part of the city, on its main avenue.

The hotel features 161 rooms (79 single, 72 double and 10 apartments), three restaurants (with more than 300 seats in total), a café and an amusement arcade. Three conference rooms located in the hotel have a total area of 349 m2. The hotel was constructed in 1888, and built in a neo–Renaissance style. The buyer of the hotel, a private investor owning boutique-style hotels in Poland, has not been disclosed.

Colliers International Poland was acting on behalf of the seller, Orbis Group. The largest tourist and hotel group in Poland and Central Europe, Orbis Group offers services in the hotel, travel agent, tour operator, domestic and international coach transport, car rental and lease and gaming sectors.

“We are delighted to have achieved this major transaction for Orbis,” said Hadley Dean, Managing Partner of Colliers International Poland. “It shows our Hotel Department is the leader in its field in Poland.”

“The Grand Hotel is one of the great landmark hotels in Poland,” added Alex Kloszewski, Director of Colliers International Poland’s Hotel Department. “We are very proud to have secured its future and to have got a fair deal for our clients.”

Colliers International was incorporated in Poland in 1997. The Polish office specializes in tenant representation and investment advisory services. Colliers International is a worldwide affiliation of independently owned and operated companies.

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