June 17 (SeeNews) - Slovenian real estate company Equinox [LJE:EQNX] has signed an agreement for the lease of Lev, uHotel and Union hotels in Ljubljana to Spanish company Grupo Hotusa in the next 20 years, it said.
Equinox expects 110 million euro ($116 million) income from the lease-out of the three hotels in the period, it said in a filing with the Ljubljana Stock Exchange on Thursday.
By signing a long-term lease agreement and fulfilling all suspensive conditions, Equinox will fully successfully carry out organisational, business and corporate restructuring, providing existing and all future shareholders with an organisational structure that completely meets the highest operating standards, it said.
Slovenia's Axor Holding is Equinox's majority shareholder with a 75.5% stake, followed by state-owned company Kapitalska Druzba with 18.75%. The remainder is owned by a number of minority shareholders.
Equinox, established on May 3, 2021, was the first real estate joint-stock company to join the Slovenian equity market. On January 31, 1,793,869 of its shares were listed on the standard market segment of the LJSE.
($ = 0.94981 euro)