Dubai conglomerate Al Habtoor Group is in the final stages of acquiring a five-star hotel in Budapest for $80 million - Arabian Business is reporting.
As DubaiBeat.com reported earlier, the groups was looking to buy hotels in Europe. It is also in talks with officials in France to buy a second hotel in Paris, its chairman says.
(To see more Dubai-based investors like Habtoor Group, check our investors directory)
More details follows from Arabian Business
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