Matej Rigelnik

Ljubljana – Equinox, a real estate fund created with the split of the real estate branch from the rest of the Group Union Hoteli, has become operational. Its shares are expected to be listed on the Ljubljana Stock Exchange in the autumn.

Ljubljana – The Group Union Hoteli ended 2020 in the red due to the coronavirus pandemic. It posted a net loss of EUR 4.3 million after reporting EUR 4.4 million in profit the year before.

The group’s revenue went from EUR 26 million in 2019 to EUR 6.1 million, while EBITDA dropped 93% over 2019 to EUR 818,000, according to the group’s unaudited report.