Alpina Gains New Owner in Abanka

As the third-largest bank in Slovenia, Abanka has seen great progress in recent years but nothing si

more

Four Croatian Banks Receive Support from EIB

Thanks to a new agreement with the European Investment Bank (EIB), four Croatian banks are set to re

more

Review of e-Commerce in Poland

OverviewCurrently, the barriers for those looking to enter the e-commerce market are fairly non-exis

more

Foreign Direct Investment in Slovenia

The stock of inward FDI in Slovenia was EUR 12.9bn at the end of 2016, up 11.5% from the end of 2015

more

Go Sport refurbishes stores

POLAND  Go Sport chain is opening its stores in a new format, featuring a new modern and more c

more

"Business Partner search for the Sports industry in Central Europe"


You are here » Home Page » News » Sofitel Budapest Purchased by Starwood Capital


Sofitel Budapest Purchased by Starwood Capital

2017-12-13 source own
Currently operating in Greenwich, Connecticut, Starwood Capital Group is a private investment company and they’ve just announced the acquisition of the Sofitel Budapest Chain Bridge Hotel. Previously, the hotel was owned by Orbis Hotel Group but the change of ownership surrounded a deal worth €75 million; both parties must wait for regulatory approval before confirmation.

Located on the Danube, the hotel boasts 357 rooms and will now enter a period of renovation. Starwood Capital Group VP for European Hotels, Keith Evans, has said “With its irreplaceable location and strong cash flow, the hotel has attractive growth and significant repositioning potential.”

Click here to register to get CeSports latest Business Report on doing business in Central Europe & for an overview on the Sporting Goods market in Central Europe.


Featured Partners

Featured Partners

View more featured partners

more

Press Releases

View Our Press Releases

more

FAQ

View Our FAQ

more
Featured

Sports Business Partner Connections Central Europe

Head logo Rhinos logo order reports