Warimpex sold the four-star Hotel Angelo by Vienna House in Prague to private Czech investors the CIMEX Group, the company announced.
On Monday, negotiations were completed and the sales transaction was finalized, although it was agreed that the sale price will not be made public.
“We are pleased that we could announce a successful transaction before the end of this year. We still own the Hotel Diplomat, so we will remain active on the Prague real estate market,” Warimpex president Franz Jurkowitsch said.
Warimplex is listed on the WSE. In the past 25 years it has completed real estate projects worth over €1 billion.