Meta Estate Trust refinances investment in Swissôtel in Poiana Brașov

Meta Estate Trust announces the EUR 1 million finance from Patria Bank intended to refinance 60% of the investment made in the Swissôtel Poiana Brașov project.

The investment in the Swissôtel project, made in 2023, represented Meta Estate Trust's debut in the hotel market. The company currently owns 4 apartments and 5 parking spaces in the Poiana Brașov project, properties that are operated by Swiss Management Company. The financing in the amount of EUR 939,057 was provided by Patria Bank for a period of 120 months.

The bank financing obtained by Meta Estate Trust comes after the company announced at the end of 2023 that the developer of the Neagoe Basarab project in Poiana Braşov, in which the company invested EUR 1.5 million, had entered into a partnership with the Accor group, one of the largest hotel groups in the world, for the opening of the Swissôtel hotel starting in 2024. The Swissôtel hotel in Poiana Braşov has been open since October this year and is operating at full capacity.