The Austrian Koller family is selling the 10 K+K hotels in Barcelona, Paris, London, Prague, Vienna, Munich, Bucharest, and Budapest to a joint venture formed by the investment bank Goldman Sachs and the hotel group Highgate Hotels. The transaction value has not been made public.
The 10 4-star and 4-star plus hotels have a combined total of 1,200 rooms.
In 2014, K+K Hotel Elisabeta was named the best hotel in Romania by the TripAdvisor website.
The 4-star K+K Elisabeta hotel in Bucharest offers 67 business and executive rooms, a bistro, 2 conference rooms, and a wellness area.
Source: Wall-Street
Frequently Asked Questions
Who bought the K+K hotel chain?
The chain was acquired by a joint venture between Goldman Sachs and Highgate Hotels.
Which K+K hotel in Romania was included in the deal?
The K+K Hotel Elisabeta in Bucharest was part of the transaction involving 10 European properties.
What facilities does K+K Hotel Elisabeta offer?
The hotel features 67 business and executive rooms, a bistro, two conference rooms, and a wellness area.