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Erste acquires Budapest Marriott

S-Tourismusfonds Management AG, a subsidiary of Erste Bank AG, acquired Budapest?s Marriott Hotel in its entirety from Host Marriott Corporation Duna Inc., business weekly Világgazdaság reported. The Erste subsidiary increased its 51% stake in the hotel operator to 100%. S-Tourismusfonds, which is present in Austria, Hungary and several other CEE countries, has no definite plans for further acquisitions in Hungary for the moment being, but ?this could easily change,? Erste spokesman Michael Mauritz told BBJ Online.