CPI PROPERTY : Acquisition of Hotel in Brno, Czech Republic

DGAP-News: CPI PROPERTY GROUP / Key word(s): Acquisition CPI PROPERTY GROUP - Acquisition of Hotel in Brno, Czech Republic 01.07.2019 / 07:43 The issuer is solely responsible for the content of this announcement. CPI PROPERTY GROUP (société anonyme) 40, rue de la Vallée L-2661 Luxembourg R.C.S. Luxembourg: B 102 254 PRESS RELEASE Luxembourg, 1 July 2019 CPI PROPERTY GROUP - Acquisition of Hotel in Brno, Czech Republic CPI PROPERTY GROUP (the "Company" or "CPIPG") announces the acquisition of a four star congress hotel in Brno, Czech Republic. This hotel is the Company's first in Brno, the second largest city in the Czech Republic. Operating under the Holiday Inn brand, the hotel offers 200 double rooms and a congress hall with capacity for up to 600 people in a strategic location close to the trade fair and exhibition compound in Brno. "CPI Hotels is delighted to enter the hotel market in Brno," said Jan Kratina, CEO of CPI Hotels. "This small but significant acquisition is a perfect addition to our congress hotel portfolio and expands our regional presence." For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com For further information please contact: INVESTORS CPI PROPERTY GROUP David Greenbaum Chief Financial Officer [e-mail] CPI PROPERTY GROUP Joe Weaver Director of Capital Markets [e-mail] MEDIA/PR Kirchhoff Consult AG Andreas Friedemann Borselstraße 20 22765 Hamburg T [phone] F [phone] E [e-mail] 01.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	CPI PROPERTY GROUP
	40, rue de la Vallée
	L-2661 Luxembourg
	Luxemburg
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.cpipg.com
ISIN:	LU0251710041
WKN:	A0JL4D
Listed:	Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart
EQS News ID:	833513

End of News	DGAP News Service

833513  01.07.2019