BERLIN-Invesco Real Estate has purchased two newly-built fourstar hotels at Alexanderplatz in Berlin for approximately EUR 60million. The real estate investment manager bought the hotels in asale and leaseback deal with Azure Property Group.
The two hotels are leased to Azure Property Group on a long-termbasis. Azure will manage the hotels under a binding contract withInterContinental Hotels. The properties include a 153-room Indigohotel and a 242-room Holiday Inn. For the full story, go toPropertyMall .
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