Iconic Hotel in Prague Brought to Market as the European MICE Market Flourishes
International news
Global real estate advisor, CBRE, has been appointed to sell the Hilton Prague, the largest branded hotel in the Czech Republic and one of Europe’s leading conference and events hotels, on behalf of the Irish Bank Resolution Corporation.
The property has been synonymous with the Meetings, Incentives, Conferences and Events (MICE) market in the Central and Eastern Europe (CEE) region since its opening in 1989. It comprises more than 81,000 sqm, 791 refurbished guestrooms, six food and beverage outlets, extensive leisure facilities and approximately 5,000 sqm of conference space.
Hilton Prague has benefitted from the strong resurgence of travel post-pandemic and ownership has invested heavily in its continued success, with over €50m invested in the asset since 2018.
Occupying a privileged riverside position where the city centre meets the Karlín office hub, the property is close to the Czech headquarters of renowned global corporations and government agencies.