Best Hotel Properties to acquire a 50% stake in a Czech portfolio of eight hotel properties from CPI Property for €173m.

Best Hotel Properties, a company making investments in Central and Eastern Europe hotel industry, agreed to acquire a 50% stake in a Czech portfolio of eight hotel properties from CPI Property, a real estate landlord, for €173m. “CPIPG is excited to work with BHP and sees this partnership as an opportunity to share operational knowledge and take our hotel portfolio to the next level,” David Greenbaum, CPIPG CEO.