CPI Hotels has acquired Mamaison Hotels & Residences, which operates 10 properties in the Czech Republic, Slovakia, Poland, Hungary, and Russia.
With the deal, CPI Hotels becomes a new operator of Mamaison Hotel Riverside Prague, Mamaison Residence Belgicka Prague, and Mamaison Business & Conference Hotel Imperial Ostrava. The hotel group will also operate an additional seven hotels in Bratislava, Warsaw, Budapest, and Moscow under the management contract.
“We are opening a new, very interesting chapter in our business. In the past years we focused on the intensive build-up of our hotel network in regional cities in the Czech Republic, but this is our first venture into foreign markets,” says Jan Kratina, CEO and chairman of the board of CPI Hotels. “The inclusion of Mamaison Hotels & Residences into the CPI Hotels portfolio is a significant step forward and strengthens our position on the market, in compliance with our long-term strategy of becoming the strongest player in terms of domestic as well as European market.”
CPI Hotels is also working on the continuous revitalization of its operations. In 2013 it carried out extensive renovations of rooms and restaurants, including the addition of a conference center in Clarion Congress Hotel Ostrava. The Clarion Grandhotel Zlaty Lev, built in 1906, is also currently undergoing extensive refurbishment, with a goal of returning the building to its original look.
