Qatari Ruling Family To Transform Hungarian Ballet Institute Into Hotel

(MTI) – A company under the ownership of Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani has purchased the Hungarian Ballet Institute in Budapest and plans to transform the institute into a hotel, the online edition of the Hungarian weekly Heti Valasz reported on Wednesday.

Heti Valasz, which did not specify the price of the transaction, identified Bin Hamad Bin Jassim Bin Jaber Al Thani’s company as the Luxembourg-registered Balett Properties SA.

Balett Properties SA purchased the institute from Portugal’s QPR Investimentos SA.

Hamad serves as the chairman of the board of directors of the Qatar Islamic Bank and is a member of the board of directors of Credit Suisse Group.

The House of Thani has ruled Qatar since the middle of the nineteenth century.

Photo: MTI – Tibor Illyes

Source: http://mtva.hu/hu/hungary-matters