Budapest – CFI Hungary is pleased to announce that they acted as exclusive corporate finance advisor to Indotek Group in the acquisition of Hotel Gellért, an iconic hotel of Budapest from Danubius Hotels Group.
Indotek Group is owned by investors from the US and Hungary. The group is active in the real estate market. It is leader player in the B and C category commercial real estate market in Hungary. The Group has 240 employees, it’s portfolio encounters more than 300 properties, with an estimate of 1,3million sqms.
Hotel Gellért is the most iconic hotel in Budapest built in secession style with 234 rooms.
Danubius Hotels Group is the international player in the hotel sector.
The transaction closed on 9 December 2019.
Third-party allocation of preferred shares in
a capital and business alliance agreement with