Brief: Premia To Invest Over €250 Million In Partnership With Akti Hotels Group
BRIEF-Premia To Invest Over €250 Million In Partnership With Akti Hotels Group June 22 (Reuters) - Premia Real Estate Investment Company SA PREMr.AT:
ANNOUNCES STRATEGIC INVESTMENT AND PARTNERSHIP WITH HOTEL GROUP AKTI HOTELS RESORTS
PARTNERSHIP INCLUDES SHARE CAPITAL PARTICIPATION AND MODERNIZATION OF THREE HOTELS IN RHODES AND KOS WITH 1,316 ROOMS
TOTAL INVESTMENT INCLUDING RENOVATION COSTS ESTIMATED TO EXCEED €250.0 MILLION
FINAL AGREEMENT EXPECTED TO CLOSE BY END OF 2026, RENOVATION PLAN EXPECTED TO BE COMPLETED BY MAY 2028
PLANS TO EXCEED 4,500 HOTEL ROOMS WITHIN THE NEXT TWO YEARS
Further company coverage: [PREMr.AT]
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 587785269;))
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