Arena Hospitality Group d.d. za turizam i ugostiteljstvo (ZGSE:ARNT) agreed to acquire 88 Rooms Hotel for HRK 45 million on December 17, 2020. Arena Hospitality Group has entered into a new HRK 32 million loan agreement with AIK Banka a.d., Belgrade in Serbia for the acquisition of 88 Rooms Hotel. The loan bears a fixed interest rate of 4.3%, with final maturity in 2025. The completion of the acquisition is expected during Q1 2021.