ORBIS ACQUIRES SOFITEL BUDAPEST CHAIN BRIDGE

Polish hotel operator Orbis Hotel Group has signed an agreement to purchase the owning company of the Sofitel Budapest Chain Bridge hotel, in Hungary, from Universale International Realitaten GmbH for €42.25 million (€118,350 per room). Orbis has been leasing the 357-room hotel, near to the River Danube, from its current owner.

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