Londa Hotel in Limassol has recorded significant developments in recent days since its shareholders seem to have paid off a debt by Serendipity Limited company which owns it to Bank of Cyprus.
Insider reported back in July that negotiations were ongoing but now they have reached the point where a deal has been signed. Investors under Elements Capital Management have paid off whatever debt was in balance and got rid of mortgages.
These investors will obviously have a serious stake in th….. Read More On: InCyprus
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