Apleona GVA extends contract for Sheraton Grand Hotel

Apleona GVA, awarded as the Hotel Advisory Firm of the Year in 2017, extended its contract with the asset owner Invesco Real Estate, a global real estate investment manager, for project management of Sheraton Grand Hotel in Krakow.

The Apleona GVA team, led by Grzegorz Kaleta, Director of Hotel Advisory and Technical Advisory, was initially responsible for on property technical due diligence during Invesco Real Estate’s acquisition process. Currently, Apleona GVA is serving as technical advisor for the landlord including participation with the hotel’s operator in technical budget preparation and coordination, identification of potential investments and improvements, as well as full project management of jointly selected and approved by landlord CAPEX refurbishment projects.

Sheraton Grand is centrally located in the city and has a picturesque view of the Wawel and Vistula river. The property offers 232 rooms, some of which were fully refurbished in 2016 according to the projects prepared by well-known London-based architect Alex Kravetz.

Source: Apleona GVA

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Written by: Monica Zielinski