Equinox Nepremičnine d.d., the first public limited company on the Ljubljana Stock Exchange to engage in real estate leasing and development, has just negotiated a strategic 20-year lease on Grand Hotel Union, uHotel and Hotel Lev in Ljubljana.
The deal was signed with world-renowned Hotusa Group, for a cumulative rent exceeding €110M. The operator search was exclusively organised by Cushman & Wakefield.
Equinox Real Estate d.d. was established as the universal legal successor of
UNION HOTELI d.d. By signing a strategic long-term lease agreement, it
successfully completed the restructuring process of Equinox Nepremičnine d.d.,
thus strengthening its financial sustainability.
Matej Rigelnik, Executive Director of EQUINOX d.d. said: “The total value is more than €110M during the length of the contract. In this way, the company ensures even greater financial strength and sustainability in the long run. In addition, the company will continue to pursue the goal of democratisation of real estate investment in Slovenia, as well as play an active role in the development of local communities and long-term sustainable business.”
Cushman & Wakefield is pleased to have led the operator selection process for Union Hoteli Collection, representing Equinox as an exclusive advisor. Its international hospitality team leveraged their exhaustive experience to identify the most suitable operator and negotiate the best commercial terms for Equinox. The firm’s representatives strongly believe that Hotusa Group will continue to enhance the profitability of this hotel portfolio thanks to its global reach and reputation for being a well-recognized hotel chain with more than 40 years of experience.
David Nath, Partner and Head of Central & Eastern European Hospitality Team at Cushman & Wakefield added: “We are delighted we could bring the institutional flavour to Union Hoteli Collection. This newly established partnership with Hotusa, a very well-recognised hotel operator with over 200 properties under operations, reflects the enduring appeal for Ljubljana’s tourism market and its projected strong recovery from the challenging last two years.”
