NEW OWNER FOR WYNDHAM STUTTGART AIRPORT

An unnamed real estate investment company has completed the acquisition of the Wyndham Stuttgart Airport Messe Hotel in a sale-and-leaseback deal for approximately US$33.8 million (US$148,000). Wyndham Worldwide has entered into a 20-year lease for the 229-room hotel and Grand City Hotels will continue to manage the property. The hotel, which was constructed in 1987, is adjacent to the Stuttgart Messe trade fair facility.

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