Investments
3Portfolio Exits
2Latest Astri Group News
Sep 10, 2019
Sep 10, 2019 2:51pm The new-build, 150-room Radisson Red Tallinn will be part of a mixed-use project. Photo credit: Radisson Hotel Group Radisson Hotel Group will open the Radisson Red Tallinnn in late-2023 through a partnership with Astri Group in Estonia’s capital city. The property will be the group’s third hotel brand in the country alongside its Radisson Blu and Park Inn by Radisson hotels. The new-build, 150-room hotel will be part of a mixed-use project that includes co-working and office space. Public spaces will include the brand's signature Oui Bar & Ktchn along with a destination Sky Bar, meeting rooms and a fitness area. The hotel will be 6.5 kilometers from Tallinn Airport, and the main railway station will be right across the street. The property will be close to the Balti Jaama Turg (Baltic Station Market), also owned by Astri Group. Elie Younes, EVP/chief development officer, Radisson Hotel Group, noted the hotel is the fifth property signed for Tallinn, and that the Red brand is now in all three Baltic capital cities. The Estonian capital is rapidly growing in popularity, the company reported, noting 4.65 million international visitors came to Tallinn last year. FREE DAILY NEWSLETTER Like this story? Subscribe to IHIF! The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go. "The Astri Group aspires to create multi-functional spaces that serve the needs of a broad target group, and Baltic Station Market is a great example of how trade and leisure can be combined," said Anne Aland, head of Astri Group. "We believe that the addition of the hotel to the area will support an increase in the number of visitors and will play an important role in creating a vibrant environment for the various start-ups with offices in the Telliskivi area.” The hotel will be operated by Radisson Hotel Group under an international management agreement. Read more on
Astri Group Investments
3 Investments
Astri Group has made 3 investments. Their latest investment was in US Stem Cell as part of their Series D on September 9, 2005.
Astri Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
9/7/2005 | Series D | US Stem Cell | $19M | Yes | ||
4/19/2004 | Unattributed VC | |||||
Other Investors |
Date | 9/7/2005 | 4/19/2004 | |
---|---|---|---|
Round | Series D | Unattributed VC | Other Investors |
Company | US Stem Cell | ||
Amount | $19M | ||
New? | Yes | ||
Co-Investors | |||
Sources |
Astri Group Portfolio Exits
2 Portfolio Exits
Astri Group has 2 portfolio exits. Their latest portfolio exit was US Stem Cell on February 20, 2008.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
2/20/2008 | IPO | 1 | |||
Date | 2/20/2008 | |
---|---|---|
Exit | IPO | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 1 |
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