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Sale of the InterContinental in Warsaw concluded (Warimpex Finanz- und Beteiligungs AG)
Dec 21st 2012, 08:33

(Source: Warimpex Finanz- und Beteiligungs AG) P R E S S R E L E A S E Sale of the InterContinental in Warsaw concluded Vienna/Warsaw, 21 December 2012 - As announced at the end of October, Warimpex Finanz- und Beteiligungs AG and UBM Realitätenentwicklung AG are selling the InterContinental hotel in Warsaw to WestInvest InterSelect, a retail real estate fund of Germany's DekaBank group. The transaction closing took place in Warsaw today. At a price of over EUR 100 million, the sale is the largest hotel deal ever in Poland. And it may turn out to be even larger, because a price increase was agreed if the hotel performs well enough. Warimpex and UBM developed the core property together, and...

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