CPI secures EUR 58 mln loan for hotel portfolio
Hotelsschedule 06 August 2015
The four-star Clarion hotel in Prague is held within the Hospitality Invest S.a.r.l. portfolio
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CEE REGION CPI Property Group has obtained a five-year loan for refinancing for its boutique hotel portfolio in the Czech Republic, Slovakia, Poland, Hungary and Russia.
The EUR 58 mln loan for the Hospitality Invest S.a.r.l. subsidiary, which CPI now owns a 94 pct stake in, has been provided by Erste Bank. The portfolio comprises 29 hotels, including the Mamaison Hotels and Residences brand of luxury boutique hotels and all-suite residences, mostly located in prime central locations of the CEE capitals (Prague, Warsaw, Budapest, Bratislava and Moscow). It also includes the four-star Clarion congress hotels in Prague and major regions of the Czech Republic, as w
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