Griffin Capital Partners and PRIMESTAR establish Prime Griffin Hotels to build
a leading hotel platform in Poland
Griffin Capital Partners and PRIMESTAR Group have established Prime Griffin Hotels, a 50/50 joint venture with the aim of building one of Poland's leading hotel platforms. The partnership combines PRIMESTAR's long-standing operational hotel expertise with Griffin Capital Partners' extensive investment, development and asset management expertise as well as its experience in building and scaling companies. This creates a platform that is excellently positioned to benefit from the long-term growth of the Polish hotel sector.
The hotel market in Poland continues to benefit from solid economic
framework conditions, growing demand for tourism, increasing
business travel activity, as well as increasing interest from investors and investors,
international hotel operators. Prime Griffin Hotels was founded to provide this
seize market opportunities with a fully integrated model that
Investment, development, asset management and hotel operations on one platform
united.
Griffin Capital Partners brings more than 20 years of experience in the Polish market,
Extensive expertise in the areas of investment, development and asset
management, as well as a proven track record in setting up and developing
Scaling up real estate and private equity companies into the
joint venture. These include Resi4Rent, one of the largest institutional
rental housing platforms of Poland, LifeSpot, a platform for long-term
Housing for rent in Poland, as well as purpose-built student accommodation platforms
such as Student Depot, which was sold in 2023, and StudentSpace. The company
currently manages investments with a gross asset value of more than 11
billion euros across 20 platforms and has many years of experience
Relationships with leading international investors and strategic partners.
As an operational partner, PRIMESTAR has a ten-year track record of 21 years
hotels and 4,389 rooms in 13 cities and three countries, including the
Operating the largest Hampton by Hilton and Holiday Inn Express properties
continental Europe. In addition, the group is bringing its proprietary
JUNE hotel concept as well as its next-generation technology platform, which provides a
fully digital guest journey and ensure an efficient,
scalable hotel operations.
In the partnership, the strengths of both companies complement each other ideally.
PRIMESTAR launches its established hotel operations platform, operational
hotel industry expertise and technological skills, while Griffin
Capital Partners' investment, development and asset management expertise as well as
access to institutional capital and strategic relationships.
Prime Griffin Hotels will focus on Poland's largest urban markets,
including Warsaw, Krakow, Wrocł aw, Katowice, Ł ódź, Poznań and Gdań sk. In focus
hotels with more than 100 rooms are available in the midscale, upscale and
Luxury. The joint venture will create opportunities in the areas of acquisitions,
project developments, conversions, repositioning and operational
partnerships, providing flexible structures in the form of lease,
management and hybrid contract models. The plan is to
Cooperation with leading international brands such as Hilton, IHG, Marriott
and JUNE; at the same time, the platform remains open to
further partnerships.
Nebil Ş enman, Co-Owner and Managing Partner at Griffin Capital Partners:
"This partnership combines highly complementary competencies: the
established hotel operations platform from PRIMESTAR, a technology-driven
approach and strong brand relationships – complemented by local market expertise
of Griffin Capital Partners, our experience in building and scaling
companies as well as our long-standing relationships with international
investors and strategic partners. Together we create a strong
institutional platform for investors, owners and brands seeking access to
one of the most attractive hotel markets in Central and Eastern Europe."
Dr. Roland Rausch, Chairman and owner of the PRIMESTAR Group: "The founding of
Prime Griffin Hotels marks a decisive step in the
international expansion of PRIMESTAR. With Griffin Capital Partners, we have
have found a partner who shares our entrepreneurial mindset and has a deep understanding of
local market understanding with institutional discipline. Poland is
today one of the most exciting hotel markets in Europe. Together, we will create a
platform that supports our integrated operating model, digital innovation
and brand expertise can be used by a new generation of guests and investors
."
Maciej Dyjas, Co-Owner and Managing Partner at Griffin Capital Partners: "At
Griffin Capital Partners, we focus on sectors that benefit from strong
long-term fundamentals and growing institutional demand
. We see significant potential in the hospitality industry, which is
is increasingly becoming an attractive asset class for long-term capital.
Prime Griffin Hotels combines proven operational expertise with institutional
investment and asset management expertise, creating a scalable
platform that is excellently positioned to benefit from these trends.
and create long-term value."
Prime Griffin Hotels is already reviewing several acquisition, development and
conversion opportunities in Poland's largest cities and is expected in the
to announce the first transactions in the coming months. The goal is to make Prime Griffin
hotels as one of the country's leading hospitality platforms, as well as
preferred partner for hotel owners, developers, international brands and
institutional investors.
