• Union agrees IHG German deal

Austrian developer UBM is to sell two German Holiday Inn Express hotels to Union Investment. The properties, Munich City West and Berlin Alexanderplatz, are due to open in late 2016.

UBM has taken over the construction-ready projects, and will also operate the hotels for an initial 25 years. The Munich hotel has 302 rooms while the Berlin property will feature 185 rooms.

Share →