Friday, September 18, 2020
Home News Investment Market 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.

Most Popular

M7 acquires Katowice office building for new CEE fund

M7 Real Estate has undertaken its first acquisition on behalf of M7 CEREF II, its value-add opportunities fund focused on offices and...

Metropol Group acquires five shopping centres in Poland

Greenberg Traurig advised Metropol Group on the acquisition of a shopping centre portfolio, consisting of five regional convenience stores is located in...

Weerts Group to start new warehouse development near Budapest

The logistics sector of Hungary is booming with foreign investors continuing to be optimistic about the market outlook. The latest evidence of...

Panattoni sells two city logistics parks in Warsaw to LaSalle

Panattoni and Marvipol have sold two city logistics parks in Warsaw to LaSalle Investment Management. The facilities, totalling nearly 25,000 sqm, were...