Griffin Capital Partners and PRIMESTAR Group establish Prime Griffin Hotels hotel platform.

According to information gathered by PREM, Griffin Capital Partners and PRIMESTAR Group have established Prime Griffin Hotels, a 50/50 joint venture aimed at building one of the leading hotel platforms in Poland. The partnership combines PRIMESTAR's hotel operating experience with Griffin Capital Partners' expertise in investment, development and asset management. Prime Griffin Hotels is already analysing acquisition, development and conversion opportunities in Poland's largest cities. The first transactions are expected to be announced in the coming months. The platform will focus on Poland's largest urban markets, including Warsaw, Kraków, Wrocław, Katowice, Łódź, Poznań and Gdańsk. Its target will be properties with more than 100 rooms, in the midscale, upscale and luxury segments. Griffin Capital Partners brings to the venture more than 20 years of experience on the Polish market, investment and development resources, and expertise in building platforms such as Resi4Rent, LifeSpot, Student Depot and StudentSpace. The company currently manages investments with gross asset value exceeding €11 billion across 20 platforms. Prime Griffin Hotels intends to cooperate with international hotel brands, including Hilton, IHG, Marriott and JUNE. The company is expected to operate under flexible lease, management and hybrid contract structures. PREM will monitor the platform's first transactions on the Polish hotel market.