INTERNOS CLOSES SECOND NH TURIN DEAL

INTERNOS Global Investors has completed its acquisition of the NH Turin Ambasciatori, in the northern Italian city of Turin, from NH Hotel Group for €20 million in a sale-and-leaseback deal. INTERNOS, which purchased the 199-room, four-star property on behalf of the INTERNOS Hotel Real Estate Fund I, will now invest €8.6 million in refurbishing the hotel, which is just one kilometre from Turin city centre. This follows INTERNOS’s acquisition last year of the NH Santo Stefano in the city centre of Turin, in a deal that was brokered by HVS Hodges Ward Elliott.

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