Prodea Real Estate Investment (Prodea Investments)'s stake in MHV Mediterranean Hospitality Venture Plc (MHV) has risen to 99.997754%.
It is recalled that Prodea previously held 79.999002% of MHV, while, with the acquisition of 24,038,644 shares or 19.998752% for €3.84 per share, Prodea Investment’s voting rights now reach 100%.
The said percentage (19.998752%) was acquired from Flowpulse Limited, with the price of this specific transaction amounting to €92.3 million.
It is recalled that MHV's hotel portfolio includes Parklane, a Luxury Collection Resort & Spa, Limassol, Nammos Limassol, LPM Restaurant & Bar, Park Tower Residences and The Landmark Nicosia in Cyprus.
In addition, the portfolio is expanded in Greece with Nikki Beach Resort & Spa Porto Heli and Porto Paros.
Meanwhile, in the heart of Nicosia, the iconic The Landmark Nicosia is preparing to reopen its doors in late 2025 as a member of Marriott's Autograph Collection.
(Source: InBusinessNews)
