Accor-Pannonia Hotels Zrt. (“Accor”), a subsidiary of Orbis Hotel Group – a hospitality leader in Eastern Europe, has executed a EUR 42,25 million sale and purchase agreement with Universale International Realitaten GmbH in connection with the acquisition by Accor of the quota of the company holding the real estate on which the Sofitel Budapest Chain Bridge Hotel is located. Previously, the hotel has been operated by Accor on the basis of a lease agreement.

Accor’s legal advisor for the acquisition process was Jeantet Budapest law firm’s M&A team, composed of partner François d’Ornano and Blanka Börzsönyi.