Israeli group Elbit Imaging announced on the US Nasdaq stock exchange that it has signed an agreement for the sale of the Radisson Blu hotel in Bucharest. The buyer who submitted a non-binding offer is an investment fund, and the price is €177.5 million.
Non-binding offers are to be submitted in London in the coming period and, depending on how quickly negotiations proceed, the sale could be finalized in a few months, according to market information.
The Israeli company operates the Radisson and Park Inn brands under a management contract system.
Source: Profit
Frequently Asked Questions
Who is selling the Radisson Blu hotel in Bucharest?
The seller is the Israeli group Elbit Imaging, listed on the US Nasdaq stock exchange.
What is the offered price for the hotel acquisition?
The price mentioned in the non-binding offer is €177.5 million.
Which hotel brands are included in the targeted operations?
The operations include the Radisson and Park Inn brands, managed under a management contract system.