Vukmir & Associates Advises Lenders on EUR 24 Million Loan to Arena Hospitality Group

Vukmir & Associates Advises Lenders on EUR 24 Million Loan to Arena Hospitality Group

Croatia
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Vukmir & Associates has advised Erste & Steiermarkische Bank d.d. and Zagrebacka banka d.d. on their provision of a EUR 24 million club loan to the Arena Hospitality Group.

According to the firm, the Arena Hospitality Group, a member of the Park Plaza Group, operates a portfolio of 26 owned, co-owned, leased, and managed properties in Croatia, Germany, and Hungary. Furthermore, “the facility is intended for the financing of Arena’s project of reconstruction and development of Hotel Brioni – one of the symbols of the City of Pula.”

Vukmir & Associates’ team was led by Partner Sanja Tkalec Kovac.