Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 198

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 198
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 the fiscal year 2025, IRSA kept its 76.34% interest in Intercontinental hotel, 100% interest in Libertador hotel and 50.00% interest in Llao Llao.

The following chart shows certain information regarding IRSA’s luxury hotels:

       Hotels           Date of Acquisition     IRSA’s Interest     Number of rooms     Occupancy (1)     Average Price per Room(2)                                    Fiscal Year Sales as of June 30(in millions of ARS)                            
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                                                             (%)                                   (%)   ARS                           2025                   2024                    2023                    2022                    2021            
Intercontinental (3)              11/01/1997               76.34                 313              67.8                       172,607            20,914                  24,018                  21,331                   8,924                   2,398
Libertador (4)                    03/01/1998                 100                 200              54.6                       117,736             7,388                   9,592                   8,464                   3,300                     788
Llao Llao (5)                     06/01/1997                  50                 205              56.5                       464,561            36,294                  52,230                  47,717                  35,794                  13,680
Total                                                                            718              60.9                       236,245            64,596                  85,840                  77,512                  48,018                  16,866
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(1)                         Accumulated average in the twelve-month period.                      
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(2)   Accumulated average in the twelve-month period.                                            
(3)   Through Nuevas Fronteras S.A.                                                              
(4)   Through Hoteles Argentinos S.A.U.                                                          
(5)   Through Llao Llao Resorts S.A. and IRSA – Galerías Pacífico S.A. UT (until March 31, 2023).

95
Hotel Intercontinental, City of Buenos Aires

In November 1997, IRSA acquired 76.34% of the Hotel Intercontinental. The Hotel Intercontinental is located in the downtown City of Buenos Aires neighborhood of Montserrat, near the Intercontinental Plaza office building. Intercontinental Hotels Corporation