HOLIDAY INN EXPRESS SITE IN DÜSSELDORF SOLD

A Holiday Inn Express development in Düsseldorf city centre, West Germany, has been purchased by Cologne-based Dereco for €18 million from a subsidiary of Munich-based Investa. The six-storey, 164-room hotel is due to open in summer 2015 and is to be leased to Foremost Hospitality for 20 years.

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