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Cobalt Advises Reefo on Acquisition of Nidos Banga Hotel in Lithuania

Cobalt Advises Reefo on Acquisition of Nidos Banga Hotel in Lithuania

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Cobalt has advised real estate developer Reefo on its EUR 6 million acquisition of the Nidos Banga hotel in Lithuania.

According to Cobalt, the hotel consists of nearly 5,000 square meters of space across four buildings, with around 100 rooms and a roof-top restaurant. The hotel is scheduled to open on June 1, 2021.

Cobalt’s team consisted of Partner Arturas Kojala and Expert Andrius Kazlauskas. The firm did not reply to an inquiry about the deal.