Witamy kolegów z naszego nowego biura w Warszawie. Greetings and welcome to our colleagues working in our newest office in Warsaw, Poland. The hospitality industry in Central and Eastern Europe (CEE) has been working as hard as any element of the industry to recover from the macroeconomic issues that have dominated our thoughts during the last few years. In spite of the back drop of economic challenges, CEE remains poised to be a significant engine for economic growth. The international community gained a nice preview of this potential through the recent UEFA European Football Championship jointly hosted by Poland and the Ukraine, with many soccer matches held in Kiev and Warsaw.
As investors regain their footing and begin to seek out new opportunities, CEE will be nicely positioned to attract attention. There is no question that pragmatic challenges remain, such as securing governmental approvals and permits, and gaining necessary capital for development or conversion. Nevertheless, the number of international hotel companies and brands present in CEE is impressive and is a positive signal that the region will continue to attract interest. While our readers will correctly assume that the major of U.S. brands all have a presence in CEE, numerous non-U.S. brands are also present and established in the region. As commerce expands and business travel returns, all of these companies will be seeking growth and expansion opportunities. For example, lawyers in our Warsaw office recently advised two of the biggest global hotel companies on projects in Poland.
We encourage you to bookmark our blog as our Warsaw team adds depth and local flair to how our industry is doing and the roles we are playing.