Brief: Premia To Acquire Sunwing Hotels Hellas For EUR 112.5 Million

Premia Real Estate Investment SA

01/08/2024 08:50

Aug 1 (Reuters) - Premia SA  PREMr.AT :
    * SIGNS BINDING AGREEMENT WITH NORDIC LEISURE TRAVEL GROUP
(NLTG)
TO ACQUIRE 100% OF NLTG'S SHARE CAPITAL OF THE COMPANY SUNWING
HOTELS HELLAS
    * SUNWING HOTELS HELLAS OWNS AND OPERATES A HOTEL LOCATED IN
RHODES AND A HOTEL LOCATED IN CRETE
    * THE CONSIDERATION OF THE TRANSACTION AMOUNTS TO EUR 112.5
MILLION
    * NLTG GROUP WILL CONTINUE TO OPERATE THE HOTELS THROUGH A
TRIPLE-NET LEASE AGREEMENT FOR 15 YEARS WITH EXTENSION OPTIONS
FOR A PERIOD OF 10 YEARS
    * CLOSING IS ESTIMATED TO OCCUR WITHIN Q4 2024


Further company coverage:  PREMr.AT 

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