AVIVA PURCHASES TWO PROPERTIES IN MUNICH FROM AXA

Aviva Investors Real Estate France has purchased two hotels in the Bavarian city of Munich, in southeast Germany, from AXA Investment Managers – Real Assets (acting on behalf of its clients) for an undisclosed sum. The hotels included in the deal are the 147-room ibis Munich Parkstadt Schwabing and the 149-unit Novotel Suites München Parkstadt Schwabing. The properties were acquired as part of Aviva’s partnership with hotel investor and operator Algonquin.

Back