Atrium Hotel Warsaw

complete

The EBRD intends to provide a convertible debt facility to finance the design, construction and operation of an international standard 4-star hotel in the centre of Warsaw, Poland. The project aims to continue the development of the Atrium programme, one of the largest real estate projects in the region. The project will further develop business infrastructure, and will facilitate technology transfer to the construction and hotel sector of the local economy. Hotel Atrium Sp. zo.o, a limited liability company to be established in Poland by city of Warsaw and Atrium BV. Atrium BV is a Dutch limited liability company to be established by Skanska AB, Portman Holdings and Starwood Hotels and Resorts. €12 million convertible loan. €2.5 million subordinated loan. €79.5 million. The project has been classified B/0 requiring an environmental analysis of the proposed development. The project will comply with EU environmental standards. The following positive environmental features forms part of the programme: None.