Orbis exercises right to acquire Budapest hotel for €44 mln

    A subsidiary of Orbis has exercised the option to acquire a hotel in Budapest for no more than €44 million, Orbis announced in a statement on Monday.   Orbis said that Accor, its majority shareholder, exercised its right of option to buy the hotel "Sofitel Budapest Chain Bridge" located in Budapest.   The right option will be undertaken by a subsidiary of Orbis, Accor-Pannonia Hotels Zrt, which runs the hotel under the lease.   The right option is exercised in relation to the sellers: HVB Leasing Maestoso Ingatlanhasznosito Kft, based in Budapest and Realitäten Universale International GmbH, based in Vienna.   "Orbis approved the execution of the Option Rights, including in particular the obligation to pay the purchase price not higher than €44.0 million. The final amount will depend on the type of transaction (purchase of shares or property) to be concluded," the statement informed.