Travel Reservations - OrangeSmile Tours
Best destinations around the world - Travel Guide

Find the right hotel

Hotel Business News and Analytics
Important! This article is written by editors and is protected by copyright law. The article can only be re-used with a direct link to
All news:

New Owner of Le Meridien Hotel in Budapest

News Al Habtoor Group has announced the purchase of the 218-guestroom Le Meridien hotel in Budapest, Hungary. The previous owner of the hotel is Central European Estates, a subsidiary of Tel Aviv headquartered company Premium International Holdings.

The Dubai-headquartered company did not reveal the sum paid for the hotel, but this February the company’s chairman told Arabian Business they were in the middle of negotiations concerning the purchase of the hotel for US$78 million (€60 million).

Commenting the purchase, Khalaf Al Habtoor, the company’s chairman, told he was in love with Budapest. This is a city with unique atmosphere and great people. He is sure more people are to come to this place and so its popularity will only grow. The company is happy to contribute to the development of the local hotel industry and hopes to attract more guests.

Even though the owner has been changed, the company will still be operated by Starwood Hotels & Resorts. This is not the first collaboration between Al Habtoor and Starwood.

Le Meridien hotel is located in the center of the city, so it features simple access to all major cultural and historic attractions of the city. Shopping and business districts are also located nearby. The hotel is equipped with various business facilities including 8 meeting rooms and one grand room for up to 210 people, a spa center, a Jacuzzi, massage rooms, and an indoor pool. Dining facilities feature both Hungarian and French food, and sweet tooth visitors will enjoy a chocolate buffet.


Previous article / Back to news index

Stay in touch with the latest news of a worldwide hotel industry. All up-to-date analytics, news, and reports about hotel business trends on

Our travel services
 Car Rental
Car Hire Worldwide
 News in languages
 Top 20 destinations
47 hotels
118 hotels
104 hotels
51 hotels
97 hotels
58 hotels
148 hotels
Pl. Americas
48 hotels
San Sebastian
53 hotels
59 hotels