Indotek Group has acquired Hotel Gellért, an iconic hotel of Budapest from Danubius Hotels Group
IndustryRetail & Consumer
BDO Hungary's Corporate Finance Team acted as the exclusive corporate financial advisor to Indotek Group when Indotek Group bought the Gellért Hotel from Danubius Hotels Group
Indotek Group is owned by investors from the US and Hungary. The group is active in the real estate market. It is leader player in the B and C category commercial real estate market in Hungary. The Group has 240 employees, it's portfolio encounters more than 300 properties, with an estimate of 1,3million sqms.
Danubius Hotels Group is the international player in the hotel sector.
Hotel Gellért is the most iconic hotel in Budapest built in secession style with 234 rooms.