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791 Room Hilton Prague Hotel For Sale

JLL's Hotels & Hospitality Group has been instructed by Avid Asset Management Ltd to exclusively advise on the sale of the 791-guestroom Hilton Prague hotel.
The Hilton Prague hotel is the largest in the Czech Republic and one of the largest conference and banqueting hotels in the entire CEE region with over 7,000 sq m of meeting space. Located in the heart of Prague’s corporate district and only 10 minutes walk from the historic Old Town, this is the hotel of choice for VIP’s visiting Prague, including US President Barack Obama.

 Although impressively managed by Hilton, the short term remaining on the management agreement offers a new owner the structuring flexibility to enhance investment value. The hotel is in an excellent condition with over €50m invested since 2004 by the owners, including the refurbishment of all the guestrooms and the addition of the fashionable ‘Cloud 9’ sky bar in 2009 that offers stunning views of the city’s skyline.