DEKA IMMOBILIEN ACQUIRES TWO HOLIDAY INN EXPRESS HOTELS

Deka Immobilien has reportedly purchased two Holiday Inn Express properties in Germany for approximately €21 million each from Foremost Leisure Real Estate: the 158-room Holiday Inn Express Berlin City Centre-West and the 120-room Holiday Inn Express Hamburg-St. Pauli Messe, with yields of 6.23% and 6.15%, respectively. Both hotels are operated by Foremost Hospitality.

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