Prague Hilton for sale

The Prague Hilton, the largest Czech hotel with 791 rooms, has been put up for sale, and its managerial contract with the Hilton chain will soon expire, property consultant JLL told the Czech News Agency on Tuesday. Avid Asset Management, the current owner of the hotel, empowered JLL to mediate the deal; the price was not disclosed. The new owner will be able to change the name. With over 7,000 square metres of meeting space, the Prague Hilton ranks among the largest conference hotels in Central and Eastern Europe. Avid Asset Management has put over 50 million euros in the modernisation of the hotel since 2004. The hotel has hosted many important figures and was the choice for US presidents Bill Clinton, George W. Bush and Barack Obama.