Warimpex Finanz- und Beteiligungs AG

euro adhoc: Warimpex Finanz- und Beteiligungs AG
Strategic management decisions
market entry in Romania - acquisition of Airport Hotel Golden Tulip Sky Gate in Bucharest

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market entry in Romania


•          Warimpex acquires first hotel in Romania and perceives huge
potential in this new market •          The four star hotel Golden Tulip
Sky Gate is the only international business class Airport Hotel in

Warimpex Finanz- und Beteiligungs AG and RAEF are pleased to announce the transaction of the Four Star Airport Hotel in Bucharest - the Golden Tulip Sky Gate.

The acquisition of the Sky Gate Hotel provides Warimpex with an investment in the increasingly important hotel sector in Romania. Warimpex purchased a 99,98 % interest through the acquisition of shares in the course of a transaction concluded with the majority shareholder, the Romanian American Enterprise Fund, and with the other two significant shareholders of the company owning the hotel. The parties have agreed not to disclose the purchase price.

The hotel was opened in 2001 and since 2005 the Golden Tulip Sky Gate has been run under a franchise contract with Golden Tulip. The hotel offers 108 rooms and 3,000 sqm of office space that can be transformed into 70 additional hotel rooms.

For Warimpex this acquisition is the first step into the large and growing Romanian market.

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ots Originaltext: Warimpex Finanz- und Beteiligungs AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Warimpex Finanz- und Beteiligungs AG
Phone: +43 1 310 55 00
Christoph Salzer
Daniel Folian, mailto:investor.relations@warimpex.com

Branche: Real Estate
ISIN:      AT0000827209
Index:    ATX Prime
Börsen:  Wiener Börse AG / official market

Weitere Meldungen: Warimpex Finanz- und Beteiligungs AG

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