CATERER EATS OUT
Latest NewsGS Hotels and Resorts secures more than £30m in funding to expand in Croatia(09 February 2007 14:32)The European Bank for Reconstruction and Development (EBRD) plans to provide €52.6m (£35.1m) in financing for Croatian hospitality group GS Hotels and Resorts. GS Hotels and Resorts operates Adriatic Luxury Hotels in Croatia and Wren’s Hotels in England. EBRD wants to assist in developing high-quality tourism facilities in Croatia by supporting the restructuring and development of GS Hotels and Resorts and similar tourism facilities in Bosnia and Herzegovina and Montenegro. EBRD plans to make a €25.1m (£16.8m) equity investment in GS Hotels and Resorts and a €27.5m (£18.4m) senior loan to the company's property subsidiaries. GS Hotels and Resorts >> Article continues below
Former Derby County defender opens hotel in Croatia >> Hyatt and Blackstone to invest in Croatia >> By Jim Glenn at CEN E-mail your comments to Chris Druce here. Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%. Source: CatererSearch |
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