Type
Business expansion
Country
Latvia
Region
Latvija; Riga;
Location of affected unit(s)
Riga
Sector
Hotel / Restaurants
Accommodation And Food Service Activities
Accommodation
55 - Accommodation

100 jobs
Number of planned job creations
Job creation
Announcement Date
14 April 2010
Employment effect (start)
15 April 2010
Foreseen end date
16 April 2010

Description

On 15 April 2010, opened a new Tallink Hotel Riga and created 100 new jobs in the Latvian capital Riga. The Tallink Hotel Riga is operated by TLG Hotell (Latvia), which is a subsidiary of the Baltic Sea ferry company Tallink Grupp.

AS Infortar, the largest shareholder of Tallink Grupp, invested EUR 33 million in the hotel. The project was financed by DnB NORD Bank and construction works were done by company Merks.


Sources

  • 14 April 2010: www.db.lv

Citation

Eurofound (2010), TLG Hotell Latvija, Business expansion in Latvia, factsheet number 71626, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71626.