Hotel owner and
Bora owns eight hotels and five apartment complexes in and around
Bora also owns a 74% stake in Arenaturist, a Zagreb Stock Exchange-listed hotel company.
Hotel owner and operator Park Plaza has bought a 20% stake in a Croatian hotel owner called Bora, for €22.3m (£17.8m).
Bora owns eight hotels and five apartment complexes in and around Pula on the Istrian coast of Croatia, totalling 3,000 rooms.
Bora also owns a 74% stake in Arenaturist, a Zagreb Stock Exchange-listed hotel company.
Park Plaza said a number of the hotels would be branded Park Plaza Hotels & Resorts and the company would manage and operate the portfolio for an initial term of 20 years.
nathan.cross@rbi.co.uk
