Warsaw, 18.02.2015 (ISBnews) – Orbis will start work on the hotel in Wroclaw in the second half. 2015 years. Completion of the modernization is planned for 2016, company officials said.
“All indications are that you will want to start the construction in the second half of the year. But I am not yet able to say how it will charge cash flow” – said CFO Martin Szewczykowski at a press conference.“We will be able to open at least part of the hotel Ibis operating under the brand this year, at the end of the third quarter or early fourth quarter. The second step will be part of the Novotel brand, most likely at the end of the second quarter of 2016″ – he added Gilles Clavia.
As explained by the president, the company expects good results in Wroclaw in 2016, due to the fact that the city will then act as a European Capital of Culture, and events such a positive impact on the hospitality industry.
Orbis Hotel Group operate under Accor brands: Sofitel, Novotel, Mercure, ibis, ibis budget and ibis Styles, as well as the Polish brand Orbis Hotels, offering services in the standards, from five to one star. In 2014,. 708 million, the company recorded consolidated revenues zł.
(ISBnews)
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