The new owners of the Radisson Blu hotel complex in Bucharest, investment funds Revetas Capital Advisors and Cerberus Capital Management, have requested €3 million in damages from the former owner, the Israeli company Elbit Imaging, alleging a breach of warranties stipulated in the sales contract.
At the end of 2017, Revetas and Cerberus acquired the approximately 98.2% stake held by Elbit in the operator of the Radisson Blu complex for €169.2 million.
Source: Profit
Frequently Asked Questions
Who are the new owners of Radisson Blu Bucharest?
The new owners are the investment funds Revetas Capital Advisors and Cerberus Capital Management.
Why are €3 million in damages being sought?
The damages are requested due to an alleged breach of warranties stipulated in the sales contract.
What was the purchase price of the hotel complex in 2017?
The 2017 transaction was valued at €169.2 million for a 98.2% stake.