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Sovereign Wealth Funds Briefing - Categorized | Investment

Oman reserves a hotel in Hungary

Posted on 29 November 2011

Omani sovereign wealth fund the State General Reserve Fund has completed its acquisition of the Four Seasons Hotel Gresham Palace in Budapest, Hungary, from Irish developer Avestus, formerly known as Quinlan Private.
The sale price is undisclosed, but it is rumoured that the hotel changed hands for no more than €40 million……………………………………….Full Article: Source


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