Warimpex: Sale of two hotels in Paris completed
(World News Austria)

P R E S S R E L E A S E Warimpex: Sale of two hotels in Paris completed Vienna, 30 September 2019 - Warimpex Finanz- und Beteiligungs AG has successfully closed the sale of the Vienna House Dream Castle and Vienna House Magic Circus hotels at Disneyland® Paris to a 50/50 joint venture between UK-based private equity fund manager Benson Elliot Capital Management and Schroder Real Estate Hotels (formerly Algonquin). Warimpex and UBM Development AG developed the hotels as part of a 50/50 joint venture and now sold them at a price of around EUR 118 million. The transaction was first announced in August 2019 and was subject to the usual prerequisites for such...