Warimpex Finanz- und Beteiligungs AG, a real estate development and investment company, headquartered in Vienna and listed on the stock exchanges in Vienna and Warsaw, has agreed to sell two hotels at Disneyland Paris, the Vienna House Dream Castle and Vienna House Magic Circus hotels at Disneyland® Paris, to an international investor.
”The two joint venture partners Warimpex and UBM, which each own a stake of 50 per cent, negotiated a purchase price in excess of EUR 100 million with an international investor,” said in a press release.
Together, the two four-star hotels located near Disneyland® Paris have nearly 800 rooms and more than 1,200 square metres of conference space.
The Vienna House Dream Castle and Vienna House Magic Circus hotels were jointly developed by Warimpex and UBM Development AG and opened in 2004 and 2007, respectively.
“We are very satisfied with the progress in the sales process for the two hotels, which we developed together with UBM some 15 years ago. Both hotels have enjoyed very positive development recently, so now is the right time to sell our shares. In line with our business strategy, we will use the sales proceeds to push ahead with current development projects and to acquire cash flow-generating assets,” said Warimpex CEO Franz Jurkowitsch.