Le Meridien to manage new Hotel in Prague

Starwood Hotels & Resorts Worldwide newest global hotel brand Le Méridien Hotels & Resorts, is planning to expand its presence in Central Europe following the signing of a management agreement for a new five-star hotel in Prague, capital city of the Czech Republic.

Le Royal Méridien Prague will be located in an existing building currently housing a banking operation and is situated in the old part of the town that dates back to the 11th century. The developers are J&T Global, based in Prague and the Belgian company Buelens Real Estate.

When the redevelopment of the property is completed, the hotel, which is due to open early 2009, will have a minimum of 165 rooms, including 18 suites; meeting rooms; restaurant, bar and street café; a fitness club and parking facilities.

Prague has been experiencing a cultural renaissance since the breakdown of the Communist regime in 1989 and is a picturesque “many-spired” city comprised of cobblestone streets, quaint and historic neighborhoods, and a diverse array of centuries-old architectural styles. The city teems with many new galleries, shops, restaurants, cafes and an eclectic mix of nightclubs and bars.

"We are thrilled to be announcing a new Le Méridien hotel in Prague – especially as this is the first hotel signing for Le Méridien since they become part of Starwood Hotels & Resorts last month,” said Michael Wale, Senior Vice President Le Méridien Operations. “I am sure this newest hotel in our European portfolio will quickly establish itself as one of the premier hotels in this part of the world.”

Starwood’s recent acquisition of the Le Méridien brand, comprising 130 hotels and resorts around the world, provides the hotel giant with a significant presence in Europe, Africa, Middle East and Asia Pacific. The addition of Le Royal Meridien Prague marks the company’s first property in the Czech Republic and its bustling capital city.

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