PL

Orbis to sell off two properties

Hotels
POLAND Orbis has signed a preliminary agreement to sell two hotels. The total value of the transaction could reach PLN 21.5 mln.
App. 30 pct of this amount has already been transferred to the company’s account as a down payment. The outstanding funds will be paid after the final agreement is signed, which is scheduled to take place within the next three months.

The transaction concerns Mercure Lublin Centrum and Mercure Zamość Stare Miasto. The deal is subject to the approval of the Orbis shareholders. The seller and buyer have agreed for the hotels to continue to operate under the Mercure brand on the franchise basis after the acquisition.

The Lublin-based company DWP is the buyer. According to the National Court Register (KRS) data, the owner of DWP, Wojciech Dzioba, also owns a Lublin-based developer, TBV, which planned to build a 100-room hotel at ul. Probostwo 6 in Lublin.

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