EQS-News 153 0 Kommentare CPI PROPERTY GROUP – Signing of agreement concerning disposal of Sunčani Hvar Hotels

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CPI Property Group signs agreement to sell Sunčani Hvar Hotels.
Purchaser is Eagle Hills, a real estate and hospitality investor based in Abu Dhabi.
Transaction is conditional on approval by Croatian antitrust agency.

EQS-News: CPI PROPERTY GROUP / Key word(s): Disposal/Real Estate
CPI PROPERTY GROUP – Signing of agreement concerning disposal of Sunčani Hvar Hotels

20.11.2023 / 15:51 CET/CEST
The issuer is solely responsible for the content of this announcement.

CPI Property Group
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254

Press Release - Corporate News

Luxembourg, 20 November 2023

CPI PROPERTY GROUP – Signing of agreement concerning disposal of Sunčani Hvar Hotels

CPI Property Group (“CPIPG”) is pleased to announce the signing of a binding agreement for the sale of 100% of the shares of SUNČANI HVAR NEKRETNINE d.o.o. and SUNČANI HVAR d.d., the companies owning and operating the Sunčani Hvar Hotels, a unique resort portfolio located on the Island of Hvar, Croatia.

The purchaser is Eagle Hills, a real estate and hospitality investor and developer based in Abu Dhabi. The transaction is conditional only on approval by the Croatian antitrust agency; the full purchase price has been deposited with an escrow agent.

"CPIPG continues to see strong investor interest in hotels as tourism and business travel have rebounded fully from the COVID period," said Jan Kratina, Director of CPI Hotels. "We are certain that Eagle Hills will contribute to the continued success of Hvar as a desirable tourist destination."

For further information, please contact:

Investor Relations
David Greenbaum
d.greenbaum@cpipg.com
Moritz Mayer
m.mayer@cpipg.com

For more on CPI Property Group, visit our website: www.cpipg.com

Follow us on Twitter (CPIPG_SA) and LinkedIn

20.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	CPI PROPERTY GROUP
	40, rue de la Vallée
	L-2661 Luxembourg
	Luxemburg
Phone:	+352 264 767 1
Fax:	+352 264 767 67
E-mail:	contact@cpipg.com
Internet:	www.cpipg.com
ISIN:	LU0251710041
WKN:	A0JL4D
Listed:	Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart
EQS News ID:	1777553