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Announced

Completed

HR Group completed the acquisition of 34 hotels from Centro Hotels.

Synopsis

HR Group, company operating its hotels primarily through partnerships with franchise brands, completed the acquisition of 34 hotels from Centro Hotels. Financial terms were not disclosed. "I would like to thank Rahman Neiro, CEO of Centro Hotel Group, for the trust and cooperation throughout the entire business process. I am excited to continue managing these lifestyle hotels. As the largest multi-brand hotel operator in Europe, we will leverage our operational expertise and cutting-edge digitalisation to perfectly position these hotels in the market,” Ruslan Husry, HR Group CEO.

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