The development company Creator-Bud has announced the construction of the WOL.100 apartment hotel in Katowice (Poland), with the international management company Ribas Hotels Group responsible for the integrated management of apartments and services, the hotel operator’s press service reports.
WOL.100 apartment hotel with 71 apartments will be located in the center of Katowice (100a Mykołowska Street), with completion of construction and renovation works scheduled for Q4 2025.
“WOL.100 is a modern apartment hotel that provides flexible and mobile living. It fits perfectly into the growing market of Katowice, meeting the needs of tourists, business travelers and those looking for quality mixed-use space. The growing tourist flow, business attraction, development of various industries and high demand for complexes of this format make the hotel an ideal solution for the city,” Dmytro Struk, Development Director of Creator-Bud, was quoted in the release.
As of 2023, about 4.8 thousand rooms in hotels of various categories were registered in Katowice. According to Statistic Poland, the city is visited by about 1.2 million tourists annually, and the average length of stay is two nights. The demand for rooms exceeds the current supply by 37%, indicating high demand and expansion of the room stock.
The WOL concept – home+hotel – provides comfortable conditions for living, working and relaxing in one place, regardless of the length of stay, whether it is 7 days or several months. The infrastructure of WOL.100 in Katowice includes a coffee shop, lobby and reception, gym, rooftop and coworking space on the top floor.
“The biggest competitive advantage of WOL.100 is that it is the first hotel in our chain, and the second in Ukraine, which guarantees investors a minimum yield of 17 euros per square meter in the first two years. Moreover, due to the capitalization of the project, the stable forecasted European market and the recognition of the object, this amount has the potential to grow,” says Artur Lupashko, CEO and founder of Ribas Hotels Group.
The following forms of investment are offered to investors: hotel purchase, investment in apartments, the cost starts from EUR3.8 thousand per square meter.
Founded in 2006, Creator-Bud is a vertically integrated full-cycle holding company with branches in Kyiv, Lviv and Ternopil. According to the LUN new buildings portal, the company has commissioned 36 buildings in 18 residential complexes, and 28 buildings in 14 residential complexes are under construction.
Ribas Hotels Group is an international management company established in 2014 in Odesa, whose flagship service is the operational management of hotel and restaurant complexes. The company also provides services in concept development, design, support of all stages of project implementation, consulting, and franchising for developers.
The company has 28 city, beach, and ski hotels under the Ribas, Ribas Hotels, Ribas Rooms, WOL home + hotel, and Mandra Glamping brands under integrated management and exclusive booking. The operator’s total room capacity is over 1000 rooms. In total, the portfolio includes 55 projects, including those under design and construction.
The company is currently developing facilities in Poland, Moldova, and Indonesia.
