Starman acquires full ownership of landmark Warsaw hotel

HVS Hodges Ward Elliott advised Starman on the acquisition

September 22, 2011: Starman Hotels has consolidated its existing leasehold interest in Le Meridien Bristol Hotel Warsaw by acquiring ownership of the building from Orbis S.A.

The 206-room landmark hotel dates back to 1901 and was re-opened after reconstruction by Forte in 1992. Starman's acquisition is of the Perpetual Usufruct title owned by Orbis, and following the purchase they will now embark on a renovation of the hotel. Starwood Hotels & Resorts operates the hotel under a management agreement with Starman.

Edward Nixon, Finance Director of Starman, commented "this is a value-accretive purchase for Starman and we look forward to working with our partners to further cement the hotel's pre-eminent position in Warsaw".

HVS Hodges Ward Elliott advised Starman on the acquisition.


Charles Human
HVS Hodges Ward Elliott
Tel: +44 (0) 20 7257-2001
Email: chuman@hvs.com

Edward Nixon
Starman Hotels
Tel: +44 (0) 20 3 7969 1443
Email: ed.nixon@starmanhotels.com