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Czech News in English » Business » Hotel Intercontinental changes hands

Hotel Intercontinental changes hands

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The luxurious five-star Hotel Intercontinental at the base of Prague’s trendy Pařížská Street in Old Town has changed ownership. It was bought by R2G, the investment group of Czech billionaire Oldřich Šlemr. The total price of the transaction was not disclosed, but it is estimated to have exceeded CZK 5 billion. Family owned R2G will become the 100 percent owner of the hotel.

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