MDJM Acquires Fernie Castle Hotel to Initiate the Expansion Strategy to European Market
MDJM LTD - Ordinary Shares (MDJH)
Company Research
Source: PR Newswire
TIANJIN, China, Aug. 23, 2022 /PRNewswire/ -- MDJM LTD (Nasdaq: MDJH) (the "Company" or "MDJM"), an integrated real estate services company in China, today announced that its wholly owned subsidiary in United Kingdom, MD Local Global Limited ("MD UK"), entered into an Offer to Sell (the "Agreement") with Braveheart Hotels Limited ("Braveheart"), a United Kingdom company, pursuant to which MD UK agreed to purchase Fernie Castle Hotel from Braveheart. The Company believes that the purchase of this hotel, with its historical and cultural value, will be an important initiative for the Company's business transformation and expansion to specialty hotels, tourism and cultural markets in Europe.Fernie Castle Hotel, located in the heart of Fife, Scotland, is situated in 17 acres of woodlands with its own lochan. Fernie Castle has hundreds of years of history and was passed to the Fernies in the 15th century. The castle consists of an altered 16th century L-plan tower house and has been renovat
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