Europe Hotel Transactions Bulletin - Week Ending 28 May 2021
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Tenuta di Castelfalfi Estate in Tuscany to the family of
S P Lohia. Located equal distance from Florence, Pisa and Siena, the 1,100 hectare estate includes two hotels, six restaurants and bars, a 1,000 sqm spa, a 27-hole golf course and significant residential development potential. Acquired by TUI in 2007, the estate has been sustainably developed into a luxury resort during TUI´s ownership. The new owner plans to continue developing the estate and create one of the premier destinations in Tuscany.
HVS Hodges Ward Elliott represented the seller in the transaction
Operator
Ladies and gentlemen, thank you for standing by. Welcome to Elbit Systems First Quarter 2021 Results Conference Call. [Operator Instructions] As a reminder this conference is being recorded. You should have all received by now the company s press release that is available in the News section of the company s website at www.elbitsystems.com.
I would now like to hand over the call to Rami Myerson, Elbit Systems Investor Relations Director. Rami, please go ahead.
Rami Myerson
Director, Investor Relations
Thank you, Braka. Good day, everyone, and welcome to our first quarter 2021 earnings call. On the call with me today are Butzi Machlis, our President and CEO; and Yossi Gaspar, our Chief Financial Officer. Before we begin, I would like to point out that the Safe Harbor statement in the company s press release issued earlier today also refers to the contents of this conference call. As we do every quarter, we will provide you with both our regular GAAP financial data as
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