NEW YORK – Trans World Corporation (“TWC” or the “Company”) (OTCQB: TWOC), a premier owner and operator of casinos and hotels in Europe, today announced that, on December 21, 2016, it acquired, through its subsidiary Trans World Hotels Germany GmbH (“TWHG”), the Lindner Sport & Aktivhotel Kranichhöhe (“Lindner Hotel”), a business and recreational hotel property located in Much, Germany, which is approximately 19 miles northeast of Bonn.
The hotel had been operating successfully under the banner of Lindner Hotels & Resorts for approximately ten years. TWC will operate the hotel under its Trans World Hotels (“TWH”) brand and has planned renovations to upgrade the property to four-stars from its current three-star rating. TWC intends to rename the property “Hotel Kranichhöhe” and continue to employ all employees of the former Lindner Hotel. Continue reading “Trans World Corporation Acquires Lindner Hotel, Conference and Recreation Center in Much, Germany”