23.11.2011 - Omani sovereign fund buys Budapest’s Gresham Palace Hotel
The State General Reserve Fund of the Sultanate of Oman has bought Budapest’s Gresham Hotel from Gresco, a company owned by Canadian, Cypriot and Irish investors, Napi Gazdaság reports. The luxury hotel opened in the summer of 2004, after a Ft 23.5 billion renovation of the 1906 Art Nouveau palace. Four Seasons Hotels and Resorts will continue to operate the hotel...............................................Full Article: Source
Print