NEWS IN ENGLISH | FLE buys ACHAT Premium Budapest Hotel
FLE buys ACHAT Premium Budapest Hotel
2019-03-15 09:24:00

ACHAT Premium Budapest Hotel
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.

FLE GmbH's Managing Partner, Dr, Alexander Klafsky, LL.M. MRICS said "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 units, 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."

Attila Hopka Managing director of AN Limited added that "it was a pleasure to work together with such an illustrious and proactive investor as FLE". He also noted that, meanwhile the hotel occupancy rates are escalating to an unprecedented volume, parallel to which office vacancy has plummeted to unforeseen low level, it is perhaps the last chance for investors to take actions. As he put it "we are two minutes to midnight" in terms of the property market cycle, which he expects to start turning soon.

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 assets under management in private equity, real estate, debt and other fields of asset management. The real estate funds managed by the LFPI group are owners of approximately 250 real properties with an estimated net value of roughly 2.2 billion Euro.
The real estate investment funds managed by FLE GmbH 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.AN Limited was founded in 2011 by real estate professional Attila Hopka who accumulated decades of experience in multinational corporate environment, in order to primarily deal with high net worth properties. The Budapest based consulting company has dealt with property worth over € 15 bn. AN Limited prides itself in providing a trustworthy, reliable and professional counsel to its Clients with the highest level of discretion. As an independent advisor AN Limited delivers tailor made solutions in the areas of Investment, Leasing, Development, Property Management and Valuation.