Announced
Financials
Sources
Tags
Poland
hotel property
Hotels and Motels
Acquisition
Cross Border
Majority
Private
Real Estate
Pending
Friendly
Single Bidder
Synopsis
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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