On December 17, 2024, Hepsor AS signed a sales agreement for shares and assignment of claims agreement of Hotell L4 OÜ with the Pihlamaa AS.
The debt-free value of the company agreed upon in the transaction is 2.9 million euros, from which the company’s debt obligations 1.3 million euros, including bank loan are to be deducted. Hotell L4 OÜ owns a 1,282 m2 commercial property located at in the Center of Tallinn at Lembitu 4. The property has a valid detailed plan and building permit for building a hotel.
