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Al Habtoor Buys Le Meridien Luxury Hotel in Budapest, MTI Says

Al Habtoor Group LLC, a Dubai-based company owned by Khalaf Al Habtoor, bought Le Meridien hotel in Budapest, state-run news service MTI reported.

Al Habtoor declined to specify the price paid for the five- star hotel, which has 218 rooms and seven conference rooms and is operated by Starwood Hotels and Resorts Worldwide Inc., MTI said. The hotel was previously owned by Central European Estates BV, the news service said.

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