According to a statement from Compa Sibiu (CMP) to the Bucharest Stock Exchange (BVB) on November 12, shareholders are convened to approve the establishment of a limited liability company named Arini Hospitality, which will carry out hotel activities.
The company’s capital will consist of a cash contribution of two million lei and an in-kind contribution representing a building in Sibiu with two floors and an attic, plus the related land.
Shareholders will vote on Arini Hospitality contracting non-reimbursable funds to finance and develop the Mercure Sibiu Park Arini & Ibis Styles Sibiu Park Arini hotel project, as well as approving loans totaling up to eight million euros.
Frequently Asked Questions
What is the new hotel project in Sibiu?The project involves the development of Mercure Sibiu Park Arini and Ibis Styles Sibiu Park Arini by the newly formed company Arini Hospitality.
Who is the main investor behind Arini Hospitality?Compa Sibiu (CMP), a company listed on the Bucharest Stock Exchange, is the entity establishing Arini Hospitality.
How much funding is required for the project?The project involves a capital of 2 million RON, potential non-reimbursable funds, and loans of up to 8 million euros.