Ballet Institute In Budapest To Be Transformed Into Hotel
- 19 Jun 2014 9:00 AM
A company under the ownership of Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani has purchased the Hungarian Ballet Institute in Budapest and plans to transform the institute into a hotel, the online edition of the Hungarian weekly Heti Válasz reported on Wednesday.
Heti Válasz, which did not specify the price of the transaction, identified Bin Hamad Bin Jassim Bin Jaber Al Thani’s company as the Luxembourg-registered Balett Properties SA.
Balett Properties SA purchased the institute from Portugal’s QPR Investimentos SA. Hamad serves as the chairman of the board of directors of the Qatar Islamic Bank and is a member of the board of directors of Credit Suisse Group.
The House of Thani has ruled Qatar since the middle of the 19th century. The building, originally called Dreschler palace, stands opposite the Opera House on Andrássy Boulevard.
Source www.hungarymatters.hu
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