Insider Business Insider: Keen interest in Hilton Cyprus sale

Insider: Keen interest in Hilton Cyprus sale

Tenders to acquire the Hilton Cyprus Hotel in Nicosia have been extended to the beginning of December amid keen interest from investors, Insider reported on Thursday.

It said that a short list would then be drawn up so that there is a clearer picture by mid-December on the number of bidders and their financial capability to acquire the hotel.

The site said that more than 10 potential investors – both local and foreign — are reported to be interested but it remains to be seen whether they will proceed with binding bids. Meanwhile, potential bidders have access to the virtual data room as they conduct their due diligence.

For sale is 96.82% of the Cyprus Tourism Development Company which owns the hotel.  The company’s shareholders are Marfin Investment Group (MIG) with 75%, Louis with 22% and other shareholders with 3%.

Top Stories

OKYpY ready to face a third wave of COVID-19

The State Health Services Organization (OKYpY) stated ready to face a possible third wave of COVID-19. The Organization prepared a revised plan for the...

50-year-old in prison for stealing dogs

According to the Police, a farmer complained that his hunting dogs were stolen from the area of Petra tou Romiou. He said that this...

Cyprus remains first among European countries in rapid tests

Cyprus remains in the first position among the EU member-states regarding rapid tests, with 24,196 tests per 100,000 of the population, according to recent...

Monk seems to have sexually abused two children

  Ten days ago, a 27-year-old told the police that a monk had sexually abused him during confession when he was a minor. According to...

President receives UN Secretary-General’s invitation for Geneva informal conference in April

UN Secretary-General Antonio Guterres sent a letter to the President of Cyprus, Nicos Anastasiades, inviting him to attend the informal Conference on Cyprus, on...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...