Warsaw—Dentons’ Real Estate team in Warsaw has advised Union Investment, the Hamburg-based real estate investment manager, on the acquisition of Park Inn by Radisson in Kraków, Poland. The hotel was acquired from a joint venture between subsidiaries of UBM Development and Lindorcenia.

Opened in 2009, Park Inn by Radisson is a modern 4-star hotel located in the center of Kraków, on south bank of the Vistula, close to the ICE Congress Centre. The hotel offers to its guests 152 rooms, a gym, five conference rooms and 70 parking spaces in the underground car park.

This is Union Investment’s third hotel acquisition in Poland in the past twelve months. The transaction is part of the investor’s strategy to strengthen its hospitality portfolio, which currently consists of six hotels in Poland.

Paweł Dębowski, Chairman of Dentons’ Europe Real Estate group, supervised the project. Counsel Anna Garbula-Węgrzynowska led the transactional team with the support of associate Katarzyna Ławińska.

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