Borealis Hotel Group (“Borealis”, “BHG” or “the company”), a leading hospitality group headquartered in the Netherlands, is pleased to announce that Bierwirth & Kluth Hotel Management GmbH (“B&K”), a hotel operator in the DACH region, has joined the company. Parallel to the acquisition, BHG is proud that Atlantic Park Strategic Capital Fund (“AP” or “Atlantic Park”), a joint venture between General Atlantic and Iron Park Capital Partners, has joined the shareholder structure, alongside existing investor Three Hills Capital Partners (“THCP”) and the founders. In connection with this transaction, Matthew Bonanno, Managing Director at Atlantic Park, and Varun Bahri, Managing Director at Iron Park Capital Partners, have joined BHG’s Board of Directors.
In 2019 Warsaw Airports recorded a traffic of 22 million passengers. In recent years Warsaw has grown a reputation as a major business and leisure destination in Europe. The Polonia Palace Hotel is one of the landmark hotels in Warsaw - it dates back to 1913 and was thoroughly renovated in 2004-2005 accommodating more than 100,000 guests every year. The hotel is mainly targeted at business travelers, but due to its historic nature and uniqueness it is also extremely popular with tourists.
With more than 20 years of professional and diversified experience within international and Polish chains as well as unique independent hotels, Paweł Lewtak as General Manager and Board Member has a progressive record of achievements including successful opening and positioning of hotels, developing business through effective sales and marketing strategies, managing