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Aro-Palace - profit of 35 million last year, against a loss in 2022

Aro-Palace - profit of 35 million last year, against a loss in 2022
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The sale of the Coroana-Postăvaru hotel massively increases Aro-Palace's profit in the first three quarters of the year

Aro-Palace Braşov (ARO), a company with a tourism profile controlled by Transilvania Investments (TRANSI), reported a net profit of 34.7 million lei for the first nine months of the year, well above the 0.3 million lei in the same interval of last year, given that in July it sold the Coroana-Postăvaru hotel, as it appears from a report of the issuer published on the website of the Bucharest Stock Exchange (BVB). ....

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Europe Hotel Transactions Bulletin - Week Ending 21 July 2023

Pandox AB acquires the Hilton Belfast from Starwood Capital, AEW acquires the Marriott Paris Charles de Gaulle from Commerz Real, Louis Fitzgerald Group acquires the Imperial Hotel in Cork, Ireland, from The Flynn Group, Art-Invest acquires the Nestor Hotel Neckarsulm in Germany, La Française RE acquires the future Ruby Hotel Marseilles in France from BNP Paribas RE, EXTENDAM and Banque des Territoires acquire the future TRIBE hotel in Montpellier, France, EXTENDAM and Annie Famose acquire the Radisson Blu Hotel, Biarritz in France from JMA, Ataxia REIM acquires the L’Univers in Reims, France, from Quadral Promotion, Elevate acquires the Coroana-Postavaru Hotel in Brașov, Romania, from Aro Palace, Serviced apartment operator acquires the Jubilee Hotel in London. ....

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