UBM Development: opens a luxury hotel at the Sugar Palace in Prague
Prague, April 5, 2022. The Andaz Prague Hotel, developed by UBM Development, brings the glamor of the Habsburg Monarchy back to the capital of the Czech Republic. It took just two and a half years for the property development company to transform the neo-classical Sugar Palace into an Andaz-branded luxury hotel. “Prague is a city with an impressive history and culture,” says Martina Maly-Gärtner, COO of UBM. “As developers of this new hotel, we are very proud that we have been able to use our design approach in a way that allows the hotel to tell this beautiful story, with all of its legends and myths. is one of the things we do best at UBM – and the Andaz Prague Hotel is undoubtedly a milestone in this regard in our company’s nearly 150-year history.”
Andaz Prague is an exclusive five-star luxury hotel located in the historic center of Prague, right next to Senovážné Square. The hotel, which is operated by Hyatt Hotels Corporation, has 152 rooms, 24 suites and five conference rooms, which were designed by Madrid-based international design partnership BrimeRobbins. The Andaz brand focuses on design in luxury lifestyle hotels, where Andaz Prague Hotel represents “the unconventional, the surprising and the extraordinary”, according to Doris Hecht, General Manager of Andaz Prague. Based in Chicago, the Hyatt Hotels Corporation is one of the world’s leading hotel companies. It operates 20 brands in a portfolio that consists of more than 1,100 hotels in 70 countries on six continents, which also includes 25 Andaz-branded hotels.
Guests in Prague can use one of three comfortable and cozy “living rooms” rather than a conventional lobby, where each room has its own special theme. One room is a library that resembles the famous Strahov Library in the Strahov Monastery, while another room features a glass installation suspended from the ceiling that visitors notice immediately – and which is also reminiscent of the glasswork tradition of the Czech Republic. The third hall is dedicated to the alchemists brought to Prague by Holy Roman Emperor Rudolf II to “transform” various metals into gold.
A key aspect of the overall concept used for the hotel involves the inclusion of a bar and restaurant which can also be visited by locals and other non-hotel guests: the ZEM Restaurant, which has a separate street entrance and was designed by Blue Sky Hospitality, interprets traditional Czech cuisine in a modern way, while the MEZ bar offers exquisite cocktails and Pioneer beer from the local Zatec brewery. Also on site, the Klára Rott Spa is the perfect place to relax and pamper yourself with products from Czech organic cosmetics brand Klára Rott.
The hotel building itself is a self-contained complex with two interior courtyards. The imposing complex, which dominates the scene on two streets and the square in front, was originally built between 1912 and 1916 for the Sugar Industry Insurance Association, as the sugar industry was a very important and profitable economic sector in that time. The building therefore became known as the Sugar Palace. It later housed the Ministry of Food and Agriculture, then the Czech Postal Savings Bank. Part of the building complex was listed in 1993.
UBM development develops real estate in major European cities, with a strategic focus on green buildings and smart offices in cities such as Vienna, Munich, Frankfurt and Prague. The company’s ongoing commitment to sustainability has been confirmed by the Gold rating it received from EcoVadis and a Prime Status rating from ISS ESG. With nearly 150 years of experience, UBM offers all development services – from planning to marketing – from a single source. UBM Development’s shares are listed on the Vienna Stock Exchange in the prime market segment, which is the segment with the strictest transparency requirements.
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