Orbis to sell Budapest Sofitel for €76 mln

WSE-listed hotel operator Orbis signed a letter of intent to sell the Budapest Sofitel Chain Bridge hotel for €76 million, the company said in a market filing.

The deal will go through after the due dilligence process. Orbis chief stakeholder, Accor, announced back in January that it will execute its call option to purchase the facility for €44 million. After the hotel is sold, Orbis will continue to manage the facility.

Orbis is the region’s biggest hotel operator owning 116 facilities, including 70 in Poland.

 

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