WALLESS Advised the Buyer in the Acquisition of Radisson Blu Hotel Klaipeda

2021 02 23

WALLESS advised the buyer in the acquisition of Radisson Blu Hotel Klaipeda, located in Klaipeda city, Lithuania. Previously owned by Baltic Holding AS, the hotel area comprises 3 490 square meters and has 74 rooms. 

Although the hospitality sector was one of the hardest-hit commercial property sectors during the pandemic, investments in hotels are still on the rise and can be a profitable solution in the near future.

WALLESS partner Indrė Jonaitytė-Gricė, partner Mindaugas Lukas, senior associate Liucija Bitinaitė and the team have successfully assisted the buyer throughout the whole acquisition process.