JW MARRIOTT BUCHAREST SOLD

Bank of Cyprus is selling Romanian-based firm Societetea Companililor Hoteliere Grand, which is the owning company of the JW Marriott Bucharest Grand Hotel. The new owner of the eight-storey, 401-room hotel in the Romanian capital will be Austrias STRABAG SE when the deal closes this autumn for €95 million (€236,900 per room).

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