FONCIÈRE DES RÉGIONS TO ACQUIRE FIVE NH HOTELS IN GERMANY

French real estate group Foncière des Régions has acquired the purchase options for a portfolio of five NH hotels (900 guest rooms) across Germany for €125 million (approximately €139,000 per room) from Spanish chain NH Hotel Group. The deal is expected to close in 2017 and the hotels, in Düsseldorf, Frankfurt, Nuremberg, Oberhausen and Stuttgart, will continue to be operated by NH Hotel Group under new 20-year leases.

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