• Dusseldorf Melia sold

Union Investment has bought the Melia hotel in Dusseldorf for for its UniImmo Deutschland fund. The 201 room four star hotel opened in 2009 and Melia has 16 years remaining on the lease.

The hotel, which sits in the city’s old town, was sold out of a fund managed by Pramerica Real Estate. Union holds 32 hotel investments across Europe, and has bought several Melia branded hotels since first investing in the group in Paris in 2012.

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