The four-start Radi Un Draugi hotel is located in the historical center of Old Riga. The operator of Radi Un Draugi hotel last year reported EUR 1.454 mln in turnover, up 11.2% y-o-y, while its profit shrank by 22.1% to EUR 36,013. Earlier, the sole owner of the hotel operator - Anglijas Daugavas Vanagu Finda Viesnica Radi Un Draugi - was The Latvian Welfare Trust. Since late May, the new owner of the hotel is Hotel Property belonging to Estonian businessmen – Estonain citizen Otto Tamme (50%) and Estonian-registered company Osauhing Vikton (50%), the true beneficiary of which is Estonian citizen Paavo Kiik. Hestia Hotel Group already operates Hestia Hotel Jugend at 11 Pulkveza Brieza Street in Riga and seven hotels in Estonia, six of which are located in Tallinn.Īs reported, Estonian company has acquired the company operating Radi Un Draugi hotel in the Old Town of Riga and has renamed the hotel to Hotel Property Old. ![]() “Riga is the Baltic region capital in terms of business and tourism, therefore demand for accommodation in Riga is growing,” said Mailend. She said that the most significant changes after the merger will be in IT solutions that will improve customer service quality. ![]() Hestia Hotel Group head Kaisa Mailend said that Radi Un Draugi is a well-functioning and successful hotel, and its principles are the same as those of Hestia, including the group’s ambition to develop and strengthen offer of good quality three and four star hotels in the Baltic states.
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