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Iconic hotel in Prague enters the market
Transactions - JULY 8, 2024

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Iconic hotel in Prague enters the market

by Kali Persall

Ownership of Hilton Prague, the largest branded hotel in the Czech Republic and one of Europe’s leading conference and events hotels, could soon change hands, as global real estate adviser CBRE was appointed to sell the iconic hotel on behalf of the Irish Bank Resolution Corp.

Hilton Prague, which 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, is composed of more than 81,000 square meters (871,876 square feet), 791 refurbished guestrooms, six food and beverage outlets, extensive leisure facilities and approximately 5,000 square meters (53,819 square feet) of conference space. The property is close to the Czech headquarters of renowned global corporations and government agencies.

According to data from Prague Convention Bureau, 4,900 meetings and conferences were held in Prague last year, with an estimated 691,000 delegates. This represents an increase of

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