December 2020 – Kinstellar is pleased to announce that it has successfully advised Croatia-based Arena Hospitality Group on the acquisition of Hotel 88 Rooms in Belgrade through its local subsidiary in Serbia. The value of the transaction is close to EUR 6 million.
Arena Hospitality’s purchase of Hotel 88 Rooms in Belgrade is another milestone in the expansion of the group’s business operations Central and Eastern Europe.
Arena Hospitality Group was advised by our Belgrade team throughout the entire transaction—from due diligence, transaction structuring, and incorporation of the Serbian subsidiary to financing and closing of the deal.
Kinstellar’s team was led by Selma Mujezinović (former Partner) and Andreja Vražalić (Senior Associate) and included Dragana Bajić (Managing Associate), Tamara Zejak and Tijana Arsenijević (Senior Associates) and Jelena Tripković (Associate).