Le Meridien Budapest May Be Put Up For Sale

  • 31 Mar 2010 2:00 AM
Le Meridien Budapest May Be Put Up For Sale
"Inventech Central Hotels – a member of the Central European Estates, in which Israeli businessman Yuli Ofer holds a majority – is negotiating the sale of the Le Meridien hotel in Budapest’s Fifth District.

Inventech is planning to sell the hotel near Erzsébet tér for Ft 15.9 billion, according to a report that appeared on Israeli news website globes.co.il on Sunday.

The unnamed purchaser is a European investment company that owns several luxury hotels, the website added."

Source: Hungary Around the Clock.

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