Orbis unit does not use right to buy hotel in Prague

Kateřinská Hotel, a wholly-owned subsidiary of Orbis, will not carry out the option to buy Hotel Century Old Town Prague MGallery By Sofitel in Prague, the company said. The seller questioned the financial condition of the purchase option, and parties are currently discussing a possible amicable solution, it specified. In February Orbis said that Kateřinská…

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