The server stated this on Monday Message list. The opening of the complex was originally planned for the first half of 2023.
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“During the preparatory work, a coronavirus epidemic came, which raised a number of questions about the continued functioning of conferences, tourism and the hotel sector in general. It was necessary to consider whether to continue with the project and in what form, “Jiří Nováček, Deputy Chairman of the Board of Directors of EP Real Estate, told the server.
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The five-star hotel is growing up on the canceled Sparta football training field in Prague’s Letná. The hotel complex is to have 523 rooms, conference facilities, a restaurant, skybar, fitness and spa.
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The tenant of the building is Hard Rock International, which operates a network of hotels, casinos, shops and cafes in 75 countries. EPH did not disclose the estimated cost of building the hotel. In October 2019, the monthly Forbes stated on its website that the complex should cost five billion crowns.
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EPH was founded in 2009. The companies that are part of the EPH group employ around 25,000 people. The holding includes over 70 companies throughout Europe. According to last year’s ranking of Forbes magazine, Křetínský is one of the richest Czechs with assets worth 78 billion crowns.
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