• German InterCitys bought

Invesco Real Estate has bought four InterCityHotels in Germany, on behalf of a UK investor client. The EUR80m deal covers hotels in Darmstadt, Mainz, Frankfurt airport and Rostock.

Operator Steigenberger has signed 30 year leases on the hotels, with the agreement including refurbishments of the Rostock and Frankfurt properties. The hotels were bought from three private owners, on behalf of an IRE client seeking hotels with strong fundamentals in strategic locations.
Read the full story here:
http://www.steigenbergerhotelgroup.com/documents/10516/260638/PM_20140303_Partnerschaft_Invesco_EN

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