Solid interest for sale of Cyprus Hilton hotel
The sale of the Hilton hotel in Nicosia, Cyprus, has drawn solid interest from potential buyers, with ten investors submitting non binding offers for the hotel, according to Cypriot press reports.
Stockwatch.com reported that most of the bids came from local hotel groups, with some also coming from investment funds.
Investors have until November 21 to submit their binding offers and complete their due diligence on the hotel.
The company that owns the Hilton on the island state, the Cypriot Public Company of Tourist Development, is being sold by Marfin Investment Group (MIG). The Greek company owns 75 percent of this comany and Loulis Holding has an additional 21.7 percent stake.