INTERNOS COMPLETES PURCHASE OF BUDAPEST HOTEL

Internos Global Investors has completed its acquisition of the Exe Danube Budapest from Hungarian real estate firm Sunbelt for €14.75 million (€146,000 per room). The 101-room hotel is in central Budapest, adjacent to Deak Ferenc Square. Internos purchased the property when it was still being developed; it is now open and is operated by Spain’s Hotusa Group under its Exe Hotels chain.

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