Revetas Capital and Cerberus Capital Management Acquire Bucharest Hotel Portfolio

Revetas Capital Advisors LLP | December 28, 2017

LONDON and NEW YORK, Dec. 28, 2017 -- Revetas Capital Advisors LLP ("Revetas") and Cerberus Capital Management, L.P. and its affiliates ("Cerberus") today announced the acquisition of Project Nemo, a leading hotel complex with approximately 86,000 sqm of gross leasable area in a prime location in Bucharest, Romania. The complex includes the Radisson Blu and Park Inn hotels, featuring a total of 697 guest rooms operated by the Rezidor Hotel Group, as well as approximately 7,500 sqm of prime retail space anchored by high-end tenants such as Burberry and Hugo Boss. The acquisition aligns with both Revetas and Cerberus&#...