AXA INVESTMENT MANAGERS ACQUIRES MEININGER ROME FOR €25.8 MILLION 

French asset manager AXA Investment Managers – Real Assets has acquired the 319-bed Meininger Hostel in Rome for €25.8 million (€81,000 per bed) from local investor Dear Spa. Located near Rome’s Termini train station, the 118-room property is operated by international hostel operator Meininger Hotels under a long-term lease agreement.

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