October 26, 2016

Warimpex sells angelo hotel in Prague

Warimpex sells angelo hotel in Prague

Warimpex Finanz- und Beteiligungs AG has announced the sale of the four-star angelo by Vienna House hotel in Prague to a private Czech investor, CIMEX Group. After negotiations and closing of the deal, the parties agreed that the purchase price would not be disclosed.

“We are pleased to announce another successful transaction shortly before the end of the year. We are still active on the Prague hotel property market with the Diplomat Hotel,” said Warimpex’s CEO Franz Jurkowitsch.

The angelo hotel in Prague was opened in 2006 and is located close to the city centre in the district of Smichov. It has 168 rooms and suites, one restaurant, a jazz bar, and five seminar rooms with a total space of 334 sqm. angelo is the business line of Vienna House.

The sale does not pertain to the operation of the hotel, which will continue to be run by Vienna House.

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