POLAND Orbis has finalised the sale of two hotels for which it signed preliminary sales contracts on February 9th, 2017.
Orbis sold the Mercure Jelenia Góra hotel at ul. Sudecka 63 in Jelenia Góra and the Mercure Karpacz Resort hotel at ul. Obrońców Pokoju 5 in Karpacz. The sales were for a net price of PLN 26.5 mln with PLN 5.165 mln paid directly to Orbis. The remaining part PLN 21.335 mln will be paid within five business days from the conclusion of the sales contract. The Mercure Jelenia Góra and Mercure Karpacz Resort hotels will continue to operate under their brands on the basis of long-term franchise agreements between Orbis and the buyer.