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Elbit sells Radisson Blu

Alex Hayes 24 August 2017

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

Elbit sells Radisson Blu
Radisson Blu in Bucharest has 487 rooms
ROMANIA Israeli based Elbit Imaging has announced that it has signed a non binding letter of intent to sell its 98.2 pct shareholding in the Radisson Complex in Bucharest based on a property value of around EUR 177.5 mln.

The purchaser is an undisclosed investment fund and the deal, which is subject to the approval of the Romanian competition authorities, should be completed within three to four months.

The Radisson Blu hotel is the leading five-star hotel with 487 rooms, while the newly renovated four star Park Inn Hotel has 276 rooms and 7,200 sqm of commercial space that includes the biggest Casino in Bucharest, a fitness centre and fashion stores. The Radisson Blu hotel and the Park Inn hotel are managed by Rezidor, which is part of Carlson Rezidor Hotel Group.


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