EU – Baltic States, Good for Business, Latvia, Real Estate, Tourism

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The opening ceremony will take place on June 16.

Earlier it was planned that Pullman Hotel should be opened in the summer of 2015, but the construction works took longer because of the complicated project – some of the wings of the hotel had been built at different times, for example, one of them even in 1789.

The hotel will have 160 hotel rooms. Earlier it was planned that investments will reach EUR 20 million, but now the total investments have not been estimated yet.

Pullman Riga will be opened by the project investors Wisher Enterprise LV in cooperation with Polish hotel chain Orbis Hotel Group and European hotel operator AccorHotels.

Wisher Enterprise LV belongs to Cyprus-registered companies Naidoo Holdings Limited (50%), Axost Investments Limited (25%) and Casnix Investments Limited (25%). In 2014, Wisher Enterprise LV generated EUR 2.09 million in sales and sustained loss worth EUR 374,630, according to Firmas.lv business database.

Accor or AccorHotels (since June 2015) is a French hotel operator working in 92 countries.  AccorHotels is working with such budget class hotels as Ibis Style, Ibis Budget, medium-class hotels Mercure, Novotel, and upper-class hotels Pullman, Grand Mercure, Mama Shelter, and luxury class hotels Sofitel.

AccorHotels in 2014 generated EUR 5.45 billion in turnover and earned EUR 223 million in profit.