"We would like to roll out a network of budget hotels all over the region".

Georg Folian

Warimpex Finanz- und Beteiligungs AG or Warimpex Group is one of CEE’s most professional and renowned hotel developers, active also in retail and offices. Why the Group has decided to operate not only in the hotel segment but to do retail and office projects as well? What makes hotel real estate different from the other property asset classes such as offices, for example? Why in the past financial investors were to a certain extent afraid of hotels? Why, although in most cases offices are commitments safer and easier than hotels, the attractiveness of hospitality real estate among property investors and developers is undergoing a stable growth? What is the minimum number of the population for a country in order to be interesting from investment perspective for Warimpex Group and why? PropertyXpress presents to its readers the opportunity to receive answers to these and many more topical questions from a top-notch insider in the hotel business like Georg Folian, Founder, Joint Holder and Deputy Chairman of the Management Board of Warimpex Finanz- und Beteiligungs AG with whom we met during MIPIM 2007 in Cannes. Also available in the interview: What are the company’s plans for each of the countries from the SEE region including Ukraine? What are the most perspective products for each country and why? What format hotel chain is Warimpex intending to roll out throughout the markets of Emerging Europe? Which is the main factor determining the Group’s decision to keep a hotel property in its investment portfolio or to sell it? What is Warimpex’s benchmark when calculating the room rates at which the hotels they develop will be offered to visitors when completed? What is the average price per room at which hotel real estate is sold in SEE?


This interveiw contains 3446 words.

The rest of this interview is for Property Xpress subscribers only.

You could sign in from the upper right corner.

Not subscriber yet? Start your subscription here.