FLE purchases Hotel property in Budapest
Vienna/Budapest, March 26, 2019. FLE GmbH, a company of the LFPI Group, purchased the 135 rooms ACHAT Premium Budapest, – a four stars hotel located in the Non-central Pest submarket of Budapest on behalf of the Luxemburg based fund FLE SICAV FIS. The transaction was facilitated by Budapest based boutique commercial real estate firm AN Limited. The hotel was developed and owned by international parties.
Dr. Alexander Klafsky, LL.M. MRICS, Managing Director of FLE GmbH says: “Although our main activities are in Austria and Germany due to our expansion strategy and aims at diversification we are establishing ourselves in alternative markets including the Central-European region. We seek to invest in modern, centrally located retail, office and hotel properties, where there is good infrastructure, quality tenant pool, and high occupancy rates enabling sustainable and adequate returns. Because all these categories are being met by Hotel ACHAT we were eager to seal the deal, when Attila Hopka Managing Director of AN Limited drew our attention to this solid acquisition opportunity.”
About FLE GmbH
FLE GmbH with its seat in Vienna was founded in 2007 and is part of the French LFPI group. LFPI is an independent international multi asset manager with almost four billion Euro of equity under management in private equity, real estate, debt and other fields of asset management. The real estate funds managed by LFPI group are owners of approx. 200 real properties with an estimated net value of more than two billion Euro.
FLE GmbH is investment advisor of several real estate funds. These funds target office and retail assets as well as low budget hotels with a purchase price from five to fifty million Euro per asset in Germany, Austria, and CEE.
Freyung 4/12, 1010 Wien, Österreich
Tel.: +43 1 53202110