Isbjörn of Sweden Teams Up with Viking Europe to Elevate Sales in Germany and Austria for Sustainable Outdoor Kidswear
Isbjörn of Sweden, a leader in sustainable and premium outdoor clothing for children and teenagers,
moreGermany; HARDY'S Gym Chain Expands: Celebrating the Opening of the 7th Location in Germering
The family-owned gym chain HARDY'S is excited to announce its latest expansion with the acquisition
moreJD Sports Expands Reach in Central and Eastern Europe with Full Acquisition of Marketing Investment Group
JD Sports Finalizes Acquisition of Marketing Investment Group, Expanding European Dominance and grow
moreEmerging Fitness Movements: Insights from a Comprehensive German Fitness Consumer Survey
A recent survey conducted by Classpass and Mindbody, encompassing feedback from over 8,000 fitness e
moreGerman Alpine Club Sees Record Growth: Surge in Young and Female Members Amid Mountain Sports Boom
The popularity of mountain sports is on a significant upswing, as evidenced by the rapid growth of t
more
"Business
Partner search for the Sports industry in Central Europe"
You are here » Home Page
» CE Sports Business News
» Sofitel Budapest Purchased by Starwood Capital
Sofitel Budapest Purchased by Starwood Capital
2017-12-13 source ownCurrently 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.”