M&G REAL ESTATE ACQUIRES MOTEL ONE BERLIN SPITTELMARKT FROM COMMERZ REAL

M&G Real Estate has acquired the Motel One Berlin-Spittelmarkt, in Germany, from Commerz Real for approximately €43 million (€142,000 per room) Commerz bought the 303-room hotel, on Leipziger Strasse, as a forward deal and on completion of the project in 2010 it was kept in its Hausinvest property fund.

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