INVESCO SELLS PORTFOLIO OF FOUR INTERCITY HOTELS IN GERMANY TO OMAN BASED AL ZAMAN GROUP

Oman based Al Zaman Group, which already owns the InterCity Hotel Entschede in the Netherlands, has acquired four German InterCity Hotels. The 868-room portfolio acquired from Invesco Real Estate includes properties located in Darmstadt, Mainz, Rostock and Frankfurt Airport. All four properties are operated by Deutsche Hospitality under 30-year lease contracts.

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