(Read more on the multifamily market.)
BRUSSELS-In a deal that provides continued exposure to Europe'simproving hospitality sector, Host Hotels & Resorts Inc. andtwo partners have secured three investment properties here,according to officials for the Bethesda, MD-based REIT. Two of theproperties are hotels, while the other is a 57-unit executiveapartment building operated by Marriott.
The erstwhile Host Marriot Corp. acquired the Belgian buildingsin a joint venture that includes Dutch institutional investorStiching Pensiofonds ABP and GIC Real Estate, an arm of theGovernment of Singapore. Launched in March 2006, the partnershipnow owns 10 properties in five European countries, havingpreviously made purchases in England, Italy, Poland and Spain.
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