Orbis sells Mrągowo Resort

Orbis has signed an agreement to sell the Hotel Mercure Mrągowo Resort and Spa for PLN 18.6 million, press reports stated on Friday. The buyer will be the real estate firm Deporium. The sale was divided into one transaction of PLN 7.14 million (to be paid before the date of concluding the contract of sale) and another PLN 11.5 million (to be paid in installments before December 31, 2019). Payment of this amount has been secured by mortgages. After the sale, Deporium is to become a franchisee of Orbis, which will allow it to continue to use the Mercure brand.