Purchase agreement of FRANZ ferdinand

Arena Hospitality Group to Acquire FRANZ Ferdinand Mountain Resort Nassfeld – Expanding Our Portfolio of Exceptional Destinations.

Arena Hospitality Group announces that on 28 September 2021 the Group, through its subsidiary Sugarhill Investments B.V. has entered into a property purchase agreement with “K1” Hotelerrichtungs GmbH (part of MID Holding group) pursuant to which the Group will acquire the FRANZ ferdinand MOUNTAIN RESORT NASSFELD, a 4-star hotel in Nassfeld, Austria at a consideration of HRK 112 million. This modern mountain resort is superbly located next to the valley station of the Nassfeld Ski Resort in Carinthia, providing instant access to the area’s 110km of slopes. The hotel offers 144 family rooms, a restaurant, bar, conference rooms, private car park, wellness and sauna and children facilities.

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