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DNB Banka issues Radisson Blu Daugava hotel EUR 9.5 mln loan for re-financing and renovation works
BC, Riga, 04.10.2016.
Print version
Print versionDNB Banka has issued a EUR 9.5 mln loan to the Radisson Blu Daugava hotel, which will be used to re-finance an existing loan as well as to carry out renovation works.
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The renovation works will take place in stages, during which the hotel will undergo a complete renovation.
The hotel points out that the renovation works will help strengthen the hotel's positions as the leading business and recreation hotel in the Latvian capital.
The Radisson Blu Daugava hotel in Riga is owned by Polar Bek Daugava. The company achieved EUR 7.317 mln in turnover last year and EUR 339,056 in profit.
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