PRESS RELEASE

From Sofitel to Mogotel in Wrocław

14. September 2021, Vienna/ Wrocław. The Sofitel Wrocław Old Town, which was closed down permanently due to the pandemic, is to reopen as a Wyndham hotel after a new operator – Latvian company Mogotel – was secured for the hotel.

This is to be Riga-based Mogotel’s first hotel in Poland, with the Latvian operator having been secured for the hotel by Christie & Co. It will be operated under a franchise agreement with Wyndham Hotels & Resorts.

“Due to the pandemic, it was particularly important to select an experienced tenant and we are delighted to have secured a reputable international operator for the property in Mogotel Hotel Group. The hotel offers the best conditions for a strong market entry for Mogotel with their franchise brand Wyndham – and we wish the new operator all the best.”- Simon Kronberger, the Austria and CEE director of Christie & Co

The hotel forms part of Wratislavia Center – a mixed-use building that was completed in 2001 on ul. Świętego Mikołaja close to the city’s historic market square. It has 205 guest rooms over four storeys as well as eleven conference and meeting rooms that can accommodate 250 to 400 people – the largest hotel-owned event space in Wrocław. The building also has three restaurants and an illuminated spa with views over the city.

Mogotel is the largest hotel operator in the Baltic States in terms of the number of rooms and hotels.

“We are very pleased to have found this leasehold property in a strategically excellent location to further our expansion plans in Europe.”- Ivans Dokicans of Mogotel Hotel Group

Wratislavia Center is owned by French group LFPI, through its Vienna-based investment vehicle FLE, which acts as its investment advisor for its portfolio in Germany, Austria and the CEE region.

“Throughout the entire process we have been supported very professionally by Christie & Co and are proud to have identified a strong partner who can ensure a secure long-term solution for the property.”- Alexander Klafsky, the managing partner of FLE

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About FLE GmbH

FLE GmbH is based in Vienna and part of the French LFPI group. LFPI is an independent international multi asset manager with almost five billion Euro of equity under management in private equity, real estate, debt and other fields of asset management. The real estate funds managed by LFPI group are owners of more than 250 real properties with an estimated net value of approximately three billion Euro.

FLE GmbH is investment advisor of several real estate funds. These funds target office and retail assets as well as low budget hotels with purchase prices ranging from five million to fifty million Euro per asset in Germany, Austria, and CEE.

Press contact:

Anna-Maria Schlintner

FLE GmbH
Palais Kinsky
Freyung 4/12, 1010 Wien, Österreich
office@fle.co.at
Tel.: +43 1 53202110