CPI PROPERTY GROUP / LU0251710041
20.11.2023 - 15:51:37CPI PROPERTY GROUP – Signing of agreement concerning disposal of Sun?ani Hvar Hotels
| CPI PROPERTY GROUP / Key word(s): Disposal/Real Estate 20.11.2023 / 15:51 CET/CEST The issuer is solely responsible for the content of this announcement. CPI Property Group (société anonyme) 40, rue de la Vallée L-2661 Luxembourg R.C.S. Luxembourg: B 102 254 Press Release - Corporate News Luxembourg, 20 November 2023 CPI Property Group (“CPIPG”) is pleased to announce the signing of a binding agreement for the sale of 100% of the shares of SUN?ANI HVAR NEKRETNINE d.o.o. and SUN?ANI HVAR d.d., the companies owning and operating the Sun?ani Hvar Hotels, a unique resort portfolio located on the Island of Hvar, Croatia. The purchaser is Eagle Hills, a real estate and hospitality investor and developer based in Abu Dhabi. The transaction is conditional only on approval by the Croatian antitrust agency; the full purchase price has been deposited with an escrow agent. "CPIPG continues to see strong investor interest in hotels as tourism and business travel have rebounded fully from the COVID period," said Jan Kratina, Director of CPI Hotels. "We are certain that Eagle Hills will contribute to the continued success of Hvar as a desirable tourist destination." For further information, please contact: Investor Relations David Greenbaum d.greenbaum@cpipg.com Moritz Mayer m.mayer@cpipg.com For more on CPI Property Group, visit our website: www.cpipg.com Follow us on Twitter (CPIPG_SA) and LinkedIn 20.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | CPI PROPERTY GROUP |
| 40, rue de la Vallée | |
| L-2661 Luxembourg | |
| Luxemburg | |
| Phone: | +352 264 767 1 |
| Fax: | +352 264 767 67 |
| E-mail: | contact@cpipg.com |
| Internet: | www.cpipg.com |
| ISIN: | LU0251710041 |
| WKN: | A0JL4D |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart |
| EQS News ID: | 1777553 |
| End of News | EQS News Service |
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