Company is renovating a hotel based in Bucharest that will have 70+ rooms.

- A company in the hotel industry, based in Bucharest, Romania.
- The new hotel that we are renovating is still in the pre-revenue phase.
- Our parent company has 2 existing hotels in Romania. Each hotel is held under a different subsidiary company.
- This company has been created specifically for this new hotel.
- Hotel property is an 18th century historical building that has been acquired. It is now company owned.
- Building has basement, ground, 2 floors and an attic.
- Hotel has more than 70 rooms.
- Total area of property is 1,900 Sq. Meters and is located in a popular area of the city.
- We expect renovation to be completed and the hotel to be operational in 18-24 months years post receiving funds.
- Property will have a swimming pool, restaurant and spa post renovation.
- Physical assets include the property.

Renovation of a 18th century building as a hotel, will have restaurant, spa and swimming pool.