PropertyEU

Park Plaza buys stake in Croatian hotel owner

By A staff reporter 2008-04-10T00:00:00

Hotel owner and operator Park Plaza has acquired a 20% stake in hospitality firm WM/DMREF Bora B.V. (Bora) from a group of real estate investment funds managed by Goldman Sachs. The takeover sum comes to EUR 22mln. As part of the transaction, Park Plaza is also acquiring 20% of the ...

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