Central European Hotel Investment (CEHI), a company owned by the Russian investor Alexander Klyachin, has acquired European operator Austrian Hotel Company (AHC) for an undisclosed amount. The deal marks the entry of the Russian firm into Europe. AHC owns twenty three-four star hotels with 1,875 rooms located in 17 cities in Austria, Germany and the Czech Republic. CEHI said it plans to open new hotels with a total 1,161 rooms across four European countries between 2008 and 2010. Hamilton Hotel Partners, the company providing consulting services to CEHI's Azimut Hotels brand, has been appointed as management company for the newly-purchased chain.
Premium subscriber content – please log in to read more or take a free trial.
