MOTEL ONE SELLS NINE HOTELS IN GERMANY TO FONCIERE DES MURS
German budget group Motel One has sold a nine-property portfolio in Germany to FDM Managment, the hotel operations arm of French real estate investor Fonciére des Regions, for an undisclosed sum. The hotels, in Offenbach, Ratingen, Düsseldorf, Schweinfurt, Hanover, Kassel, Berlin, Cologne and Putzbrunn, comprise 739 rooms. The hotels will be rebranded and will operate under Louvre Hotels Group's Premiere Classe brand. Motel One now has 48 hotels (12,900 rooms). The group's founder, Dieter Muller, commented that the sale of "these smaller and peripherally located units served to clean up the portfolio".