Completion of the Acquisition of Rodon Hotel by New Investor
April 30, 2025
The Agricultural Development Company announced the completion of the purchase of the Rodon hotel by investor Balram Chainrai. The company's revenue decreased in 2024 compared to 2023, mainly due to a reduction in overnight stays. Geopolitical developments in the Middle East negatively impacted bookings. If negative conditions persist into 2025, the company's situation is not expected to improve.