Estonia: Hans Luik to buy Pro Kapital's hotels in Tallinn, Riga

  • 2017-07-26
  • BNS/TBT Staff
The listed Estonian real estate developer Pro Kapital Grupp AS has concluded the contract for the sale of the group's hotel PK Ilmarine in Tallinn and PK Riga in Riga to Hans Luik's company Sisne Invest and the operator activity to BBH Hotel Group OU, while the total cost of the transaction is 13 million euros. "The goal of the transaction, including the disposal of the shares, is to exit the Tallinn and Riga hotel market which has not been a core business for the group. The Tallinn and Riga hotel markets are in a positive state, so for us it is the right mom...
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