CDL HOSPITALITY TRUST ACQUIRES PULLMAN MUNICH
Singapore-based CDL Hospitality Trust has acquired a 94.9% share in the Pullman Hotel Munich in southeast Germany for €98.9 million from NKS Hospitality. The deal comprises a mixed-use complex in the Bavarian capital that includes the purpose-built 337-room hotel and several office and retail units. The hotel originally opened in 1986 and was flagged as a Pullman property in 2012; it is now one of seven Pullman-branded hotels across Germany. EVENT Hotels will continue to operate the hotel under its current brand.