Meta Estate Trust, a holding company operating in the real estate sector and acting as a portal between the real estate and capital markets, has announced that it has obtained a bank financing of almost EUR 1 million from Patria Bank to refinance 60% of the investment in the Swissôtel Poiana Brasov project. The investment in the Swissôtel project, realized in 2023, represented Meta Estate Trust’s debut in the hotel market. The company currently owns 4 apartments and 5 parking lots in the Poiana Brasov project, which are operated by Swiss Management Company. The financing of EUR 939,057 was provided by Patria Bank for a period of 120 months, repayable in annuities. The bank financing obtained by Meta Estate Trust comes after the company announced at the end of 2023 that the developer of the Neagoe Basarab project in Poiana Brasov, in which the company invested EUR 1.5 million, had entered into a partnership with the Accor Group, one of the world’s largest hotel groups, to open the Swissôtel hotel starting in 2024. The Swissôtel in Poiana Brasov has been open since October this year and is operating at full capacity.
Meta Estate Trust obtained a loan to refinance its investment in Swissôtel Poiana Brasov
