TEL AVIV Elscint Ltd. s wholly owned subsidiary, BEA Hotels NV has acquired a controlling interest, 66.13%, of the outstanding stock of a Romanian joint stock company, Bucuresti Turism SA, which owns the Bucuresti Hotel Complex in central Bucharest, Romania, as well as other assets.
The Bucuresti Hotel Complex is comprised of a 450-room, four-star hotel; a 174-unit apartment hotel; a conference hall; commercial areas and various guest facilities; as well as various other real estate assets. The total investment by BEA Hotels NV is approximately $27.5 million. (12/19/00)