The Dubai-based Al-Habtoor Group bought the Le Meridien in Budapest

The Dubai-based Al Habtoor Group could pay about 18 billion HUF for the five-star Le Meridien to the former Israeli owner. With this acquisition a new hotel in Budapest will be in the possession of the Middle East.

Photo: itthon.hu

The family business, founded and led by Khalaf Ahmed Al Habtoor businessman paid 80 million USD (more than 18 billion HUF) for the five-star Le Meridien Budapest Hotel – Világgazdaság wrote. The Al Habtoor Group built the world's only seven-star hotel, the Burdzs Al Arab.  (hvg.hu)