The American bank Goldman Sachs is selling, after 4 years, the hotel it owns in Bucharest, K+K Elisabeta, frequently included in recent years in Tripadvisor’s rankings of the best hotels in the capital.
The hotel, which the American giant owns together with Highgate Hotels, a hotel management company, will be sold as part of a package with 9 other hotels in Europe, part of the same chain, in a transaction indicated by market sources at 450 million USD.
Goldman Sachs entered the Romanian hotel market in 2015, when it bought the K+K Elisabeta hotel in Bucharest as part of a broader transaction.
Frequently Asked Questions
Which hotel is Goldman Sachs selling in Bucharest?
Goldman Sachs is selling the K+K Elisabeta hotel, which has been frequently ranked among the best in the city by Tripadvisor.
What is the total value of the sale?
The hotel is being sold as part of a 10-hotel European portfolio for approximately $450 million.
Who is the partner in this hotel ownership?
Goldman Sachs owns the property in partnership with Highgate Hotels, a hotel management company.