Starwood Capital Group Acquires Sofitel Budapest Chain Bridge Hotel from Orbis Hotel Group for €75 Million ($89.5M)

Starwood Capital Group | November 27, 2017

MIAMI and BUDAPEST, Hungary, Nov. 27, 2017 -- Starwood Capital Group, a leading global private investment firm, announced today that it has entered, through a controlled affiliate, into the sale and management back transaction to acquire the Sofitel Budapest Chain Bridge Hotel from Orbis Hotel Group, the leading hotel operator in Eastern Europe. Sofitel Budapest is a landmark hotel with 357 rooms located at an iconic address in the heart of the city. The hotel enjoys spectacular views of the famous Chain Bridge, historical monuments and the Danube River. The hotel is being acquired for €75 million, subject to the approval of the Eu...