by Property Forum | Investment

JLL Hungary has advised the seller on the sale of an operating apartment hotel, Escala Hotel & Suits. The 50-apartment hotel, located in Budapest's Corvin quarter, was sold in August, JLL said in a LinkedIn post.

Escala Hotel & Suits, a 50-room apartment hotel in the Corvin quarter, has been sold to a new owner. The seller was Daylon, while the buyer was apartment hotel operator Julius Meinl Living. The parties have not disclosed the price paid in the deal, which was closed in August.