(Visited 105 times, 1 visits today)
(Visited 105 times, 1 visits today)
  • Transaction / Assets
    Hotel Hilton, Nicosia
  • Seller
    Cyprus Tourism Development Public Company Ltd
  • Buyer
    NBG Pangaea, Invel RE
  • € MM
    55.5

Hilton Cyprus hotel sold for €55.5 m

NBG PANGAEA REIC and Invel Real Estate paid €55.5 million to take over 98% of the Hilton Cyprus Hotel by the Cyprus Tourism Development Public Company Ltd.

The hotel is located at the heart of Nicosia City, the capital of Cyprus. It has 294 rooms (suites, executive and standard rooms), and facilities to accommodate meetings, conferences an events. The buyers acted through Vibrana Holdings and now plan to renovate the hotel in order it continues it successful course.

(Visited 105 times, 1 visits today)

Read more:
Rent cut to coronavirus-affected companies and employees

The rent-cut, according to the amendment submitted by the Ministry of Finance, extends to companies affected by the coronavirus. The...

Close