Arena Hospitality Group bought a 4-star hotel in Belgrade, Serbia.

The hotel is known as the 88 Room Hotel. The company has signed an agreement to sell the hotel. The property is in an easily accessible location. The hotel is a few minutes from the historic city center. The hotel has 88 hotels.

The hotel features a suite, a restaurant and a bar, a conference room and fitness facilities. The transaction value was announced as EUR 6.34 million.

The agreement complies with Arena Hospitality Group’s expansion targets in Central and Eastern Europe. It realizes its expansion targets in the Central and Eastern European Regions of the Group.

As part of its 2018 Annual Report, the Group has announced a short and medium term investment plan that includes € 17.25 million (128 million HRK) and an investment in the city of Arena Kažela Camp. m (53m HRK), Verudela Beach Resort, € 8 million (60 million HRK) and Hotel Brioni amounted to € 25.6 million (190 million HRK).

Source: europe-re.com

Sevdenur Demir / sevdenurdemir@realestatecoulisse.com

Leave a comment

Your email address will not be published. Required fields are marked *