• Fico European buy
Thai investor Fico Corporation has paid EUR80m for a portfolio of nine hotels in Belgium and Germany. The acquisition includes two Days Inn, two Ibis and five TRYP branded properties, reports the Bangkok Post.

Fico owns 16 hotels in Thailand, and plans to buy up to 20 more in Europe in the next two years. A two year, EUR45m bridging finance deal has been agreed with Krungthai Bank.
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