The two companies are now establishing a joint venture to combine their knowledge and experience to provide professional hotel management and development services.
Rencz has been with GTC since August this year, when he was appointed to the Management Board and assumed the role of Chief Business Sustainability Officer.
The deal, described by Echo Investment as the "largest single-asset retail transaction of the year in Poland," follows Summis Capital's acquisition of the React Office Building in Lodz from Echo
