Best Hotel Properties a.s. acquired 50% stake in Cpi Kvinta, S.R.O. from CPI Property Group (XTRA:O5G) for approximately ?170 million on March 12, 2024. CPIPG expects to use the net proceeds received to repay debt. Andrea Matusova and Marc Leubner of KPMG Slovensko spol. s r.o., Investment Banking Arm acted as financial advisor and due diligence provider for Best Hotel Properties a.s.

Best Hotel Properties a.s. completed the acquisition of 50% stake in Cpi Kvinta, S.R.O. from CPI Property Group (XTRA:O5G) on March 12, 2024.