Six Hotels on the Slovenian Coast for Sale

Six Hotels on the Slovenian Coast for Sale

In the process of preventive restructuring, Istrabenz Group agreed to sell its assets by the end of 2019.

The assets of the Istrabenz Group include Istrabenz Turizem and a 50% share in Adriafin, a co-owner of Vina Koper. More than 80% of claims against Instrabenz Group are held by the Bank Assets Management Company.

Istrabenz has recently began selling its subsidiary Istrabenz Turizem, owner of six Lifeclass hotels on the Slovenian Coast. The six hotels, namely Grand, Apollo, Neptun, Mirna, Slovenija and Riviera, situated in Portorož, have a total of 778 rooms and are valued at EUR 70 – 80 million.

US company CBRE was hired as a financial advisor on the sale who had already started collecting non-binding offers. Potential buyers are to submit their binding offers by the end of October 2018.

In the process of preventive restructuring, Istrabenz Group agreed to sell its assets by the end of 2019.

The assets of the Istrabenz Group include Istrabenz Turizem and a 50% share in Adriafin, a co-owner of Vina Koper. More than 80% of claims against Instrabenz Group are held by the Bank Assets Management Company.

Istrabenz has recently began selling its subsidiary Istrabenz Turizem, owner of six Lifeclass hotels on the Slovenian Coast. The six hotels, namely Grand, Apollo, Neptun, Mirna, Slovenija and Riviera, situated in Portorož, have a total of 778 rooms and are valued at EUR 70 – 80 million.

US company CBRE was hired as a financial advisor on the sale who had already started collecting non-binding offers. Potential buyers are to submit their binding offers by the end of October 2018.