Arena Hospitality Group is expanding its business in Serbia
Arena Hospitality Group hereby announces that on 25th of April 2019 the Group has entered into a framework agreement with MK Aviation Services d.o.o. pursuant to which the Group will acquire the 88 Rooms Hotel, a 4-star hotel in Belgrade, Serbia.
The contemporary Hotel is minutes away from the historic old town. It offers 88 rooms and suites, a restaurant, bar and conference room and fitness facilities. The completion of the transaction is subject to certain steps and conditions to be fulfilled. The Group expects the conditions in relation to the completion of the transaction to be fulfilled this year. The transaction value is HRK 47 million.