CIMEX buys two hotels in Mariánské Lázně to expand its OREA hotel chain Orea Hotels & Resorts

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CIMEX buys two hotels in Mariánské Lázně to expand its OREA hotel chain

CIMEX investment group, which owns the OREA Hotels & Resorts chain, has acquired two well-established hotels in Mariánské Lázně.

CIMEX investment group, which owns the OREA Hotels & Resorts chain, has acquired two well-established hotels in Mariánské Lázně. As a result, the four-star Cristal Palace and San Remo will become the fourteenth and fifteenth hotels of the chain this May.

 

By this acquisition, OREA Hotels & Resorts adds another 130 rooms of the Cristal Palace and the San Remo to its current three hotels in Mariánské Lázně – OREA Spa Hotel Palace Zvon, OREA Spa Hotel Bohemia and OREA Hotel Anglický Dvůr –, whose total capacity is 214 rooms.

 

“An important part of this purchase is the acquisition of sufficient natural resources of mineral water. The Edward VII and Augustin mineral water springs are available to the guests at both hotels and they will strengthen our future business activities as well as our overall position in Mariánské Lázně. We are preparing two large development projects in Hlavní třída and Ruská street. We should begin to build our new modern wellness and spa hotel complex, Broadway, with 166 rooms at the end of this year,” says Miroslav Kosnar, CIMEX Group’s Managing Director.

 

The larger one, the Cristal Palace, situated in the very heart of Mariánské Lázně, provides standard hotel and wellness services as well as therapy stays and treatments, while the San Remo provides more of an intimate environment with a family-like atmosphere.

 

“OREA has gone through a successful period of investment in terms of large reconstruction of interiors, purchase of modern technology and improving personnel facilities; and it will significantly change its face in the next two years. The next logical step in developing the innovated concept is more acquisitions,” adds Gorjan Lazarov, OREA Hotels & Resorts Managing Director.

 

The parties to the contract have agreed not to publish the price of the transaction.

 

The largest Czech hotel chain, OREA Hotels & Resorts, has hotels throughout the Czech Republic. It is focused on the congress clientele as well as on families with children and spa guests. Its hotels can be found in Prague, Brno, the Krkonoše, the Šumava and the Bohemian-Moravian Highlands.¨

 

CIMEX Group is a key player on the Czech business market. It specialises in investing in real estate. Its strategic investment is aimed especially at hotel projects and administrative buildings.

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