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New Deal


Announced

Corum Asset Management to acquire the Crowne Plaza and Holiday Inn Express hotels from Ghelamco.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Poland

hotel property

Hotels and Motels

Acquisition

Cross Border

Majority

Private

Real Estate

Pending

Friendly

Single Bidder

Synopsis

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Corum Asset Management, a French real estate fund, agreed to acquire the Crowne Plaza and Holiday Inn Express hotels from Ghelamco, a Belgian-French real estate developer. Financial terms were not disclosed. The Warsaw Hub complex consists of three buildings: two office buildings and one hotel and service building, connected by an underground shopping arcade and a parking deck. Last year, the office part of the complex was sold to Google.

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