MOTEL ONE IN LEIPZIG SOLD

German-based budget design brand Motel One has acquired the Motel One Leipzig-Nikolaikirche in Leipzig, eastern Germany, for approximately €21 million (€108,200 per room) from Lloyd Fonds. The 194-room hotel is centrally located, adjacent to the city’s St. Nicholas Church and close to the central railway station. Motel One operates two hotels in the city.

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