ARTICLES LABELLED WITH TAG Warimpex

24
Feb
2017

Warimpex sells 8 CEE hotels to Thai investor

by Ákos Budai

Warimpex announced the partial sale of its hotel portfolio to Thai investor U City Public Company Limited (U City). The transaction includes eight hotel participations – two of which are partially (50 per cent) owned by UBM Development AG (UBM) – which comprise approximately 50 percent of Warimpex's total real estate assets and which have a property value of approximately €180 million (excluding the stakes of UBM in that portfolio).

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