March 25 (SeeNews) – Serbian construction firm Millenium Team said it has bought bankrupt Belgrade-based firm Danube Riverside, including the historic Hotel Jugoslavija, with plans to invest more 400 million euro ($433 million) in developing the hotel over the next four years.
“With an initial investment of more than 42 million euro, we completed the takeover of the entire location of the former Hotel Jugoslavija,” Millenium Team said in a statement on Friday.
You can…
Read further.
#hotel #hoteltrade #hotelnews