LONDON & REGIONAL SELLS HILTON FRANKFURT

UK-based private property company London & Regional has sold the 342-room Hilton Frankfurt, in central Germany, to an unnamed investor that reportedly specialises in the luxury hospitality industry for €100 million (€292,400 per room). The lease with Hilton Worldwide on the 12-storey property, which was constructed in 1998 next to the Frankfurt Stock Exchange, is to remain in place. HSH Nordbank provided more than €50 million in debt finance for the deal.

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