Accor, the majority shareholder of Orbis, exercised its buy-out option right over the Sofitel Budapest Chain Bridge hotel, located in Budapest, with a buy-out date of 31 May 2017. The value of the transaction has been estimated at €44 million.
The option right will be exercised by Orbis subsidiary Accor-Pannonia Hotels Zrt., which currently operates the hotel under a lease agreement. The sellers are HVB Leasing Maestoso Ingatlanhasznosíto Kft. and Universale International Realitäten GmbH.
The five-star Sofitel Budapest Chain Bridge offers 357 rooms, 2 restaurants and bars, 17 meeting rooms, a ballroom and a spa.
