ELIO KAYAKS: Pioneering Affordable High-Performance Kayaking Since 1979
Established in 1979 by visionary founder Elio Nogueira, ELIO KAYAKS stands at the forefront of high-
moreAmer Sports Boosts European Manufacturing with New Ski and Binding Factories in Central Europe
Amer Sports Accelerates European Manufacturing Expansion to Support Brand Growth and Meet Consumer D
moreFIDLOCK Innovates with Magnetic Attachments: Expanding Distribution Across Central Europe
FIDLOCK's innovative solutions have revolutionized the way accessories are attached in various appli
moreNew Era Targets Central European Expansion with Key Distributors Across the Region
New Era, a prominent headwear manufacturer known for its caps, beanies, and bucket hats, is settin
moreAirsoftZone Named Official Distributor of G&G Armament in Poland
G&G Armament has officially designated AirsoftZone as its new distributor in Poland. This upda
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.”