INTERNOS BUYS THE INTERCITYHOTEL LEIPZIG

INTERNOS Global Investors has completed the purchase of the InterCityHotel Leipzig in Germany from Hamburg-based B&L Gruppe for an undisclosed sum, although it was reported that this acquisition combined with the group’s purchase of the 328-room Maritim Hotel & International Congress Center Dresden in January 2014 represents a €70 million investment. The 166-room hotel is the tenth hotel the group has acquired for its INTERNOS Hotel Real Estate Fund 1, bringing the fund to €310 million. The hotel, which opened in May 2013, is operated under a long-lease by Steigenberger subsidiary, InterCityHotels.

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