The Sugar Factory Palace on Senovážné Square has undergone renovations

Prague - The monumentally protected and over one hundred years old Sugar Beet Palace on Senovážné Square in the center of Prague has undergone reconstruction and final approval. The American company Hyatt will open a five-star hotel Andaz Prague here with 176 rooms, and the hotel will be put into trial operation at the beginning of this year. This is stated in today's press release from the developer UBM. The building previously housed the Investment and Postal Bank, among other things.

After the approval, according to UBM's statements, only interior furnishings are being installed in the Andaz Prague hotel, and restoration work is being completed. Rental spaces on the ground floor are also being finished, where a branch of Fio Bank and a Relay store will be established.

Josef Wiedermann, a manager at UBM Development Czechia, stated that the American chain Hyatt has only four hotels in Europe – in Vienna, Munich, London, and Amsterdam. Prague will thus be the fifth, he added. The name Andaz signifies luxury hotels created often in historic buildings in city centers, aiming to maintain the historical character of the location through their interior decoration. Andaz hotels are located in 21 cities around the world.

"Because the original Sugar Beet Palace building on Senovážné Square is a cultural monument, our team of designers worked with it extraordinarily sensitively. For example, we preserved the original windows, doors, stucco decoration, and fireplaces in the hotel. We closely collaborated with conservationists during the renovation. Thus, the historical value of the building with its authentic atmosphere has been preserved while being adapted to contemporary lifestyles,” said UBM architect David Lukas.

The hotel will feature a fitness and wellness center, dining facilities, and 450 square meters of event space. The original meeting room located in the bridge leading to the Jindřišská Tower will become a conference room.

The intention to build a hotel complex has been discussed since 2006 when the building was purchased from Československá obchodní banka by J&T. The financial crisis thwarted the plans. The Russian company UralNěftěGazStroj, which bought the monument from J&T in 2014, intended to continue with the hotel project. In 2018, the UBM group then acquired the property.

The palace was built between 1912 and 1916 according to the designs of architects Josef Zasche and Theodor Fischer. The sculptures on the facade were created by German sculptor Franz Metzner. After the invasion of the Warsaw Pact countries into Czechoslovakia in August 1968, members of the National Assembly temporarily met in the building.