trending Market Intelligence /marketintelligence/en/news-insights/trending/3Nc6XLZLE40T_IQ1s5MYMA2 content esgSubNav
In This List

Warimpex Finanz wraps up sale of 8 hotels


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Warimpex Finanz wraps up sale of 8 hotels

Warimpex Finanz- und Beteiligungs AG closed the sale of a portfolio of eight hotels to Thai company U City Public Co. Ltd.

The 180 million transaction comprises half of the company's total real estate asset value and includes two hotels that are 50% owned by UBM Development AG. The purchase price was in line with recent valuation opinions by independent property appraisers, according to a release.

The sold hotels consist of the Vienna House Diplomat Prague and the angelo by Vienna House Plzen in the Czech Republic; andel's by Vienna House Lódz, andel's by Vienna House Krakow, Vienna House Easy Chopin Krakow, angelo by Vienna House Katowice, and Vienna House Amber Baltic Miedzyzdroje in Poland; and the angelo by Vienna House Bucharest in Romania.

Vienna House will continue to manage the hotels, following the sale.