In an unusual development in Prague’s Letňany district, billionaire Pavel Sehnal is constructing a temporary hotel on state-owned land. The project, situated near the exhibition grounds, combines a four-story hotel with office spaces, despite having a lease agreement that expires in March 2026.
The ambitious development will feature 105 double rooms, a restaurant, lobby bar, and boast 3,400 square meters of usable space. An adjoining administrative building, spanning 2,000 square meters, will serve as headquarters for ABF, Sehnal’s exhibition management company.
Local officials, including David Červenka from the Náš Domov Letňany association, question the logic of investing millions into a temporary structure. The Ministry of Finance, while not opposing the construction, has explicitly warned that the project offers no guarantee for lease extension.
The controversy follows a previous incident where Sehnal’s company received over 74 million crowns for a temporary COVID hospital that never treated a single patient. The current rental agreement costs 410 crowns per square meter annually, with a 2.6% yearly increase since 2022.