ASSET NUMBER NINE FOR INTERNOS’ HOTEL REAL ESTATE FUND
Internos Global Investors has acquired the Maritim Hotel & International Congress Center in Dresden, southeast Germany, from a real estate fund (rumoured to be Immoselect) managed by AXA Investment Managers for €49 million. The deal is Internos’ ninth acquisition for its Hotel Real Estate Fund, and, according to Jochen Schäfer-Suren from Internos’ Hotel and Leisure division, the group has more acquisitions in progress. The four-star hotel, on the River Elbe, is operated by Maritim under a long-lease agreement. Directly linked to the International Congress Center Dresden by an underground walkway, the 328-room hotel opened in 2006 in a listed, former warehouse and distribution centre that was constructed at the beginning of the 20th century.