FONCIÉRE DES MURS ACQUIRES 22 B&B HOTELS

French real estate group Foncière des Murs (FDM) has acquired a portfolio of 22 B&B hotels across Germany for €128 million (2,271 rooms, €56,000 per room) from a B&B Hotels partner, Carlyle. This is the third budget hotel portfolio FDM has purchased recently: the firm acquired a group of Motel One hotels in Germany at the beginning of 2015, and last year it formed an agreement with MEININGER Hotels to purchase properties across major European cities.

Back