NEW PARK PLAZA LONDON WATERLOO SOLD TO CBRE GLOBAL INVESTORS

CBRE Global Investors has purchased the recently opened Park Plaza London Waterloo, in central London, for approximately £160 million (£324,000 per room) from PPHE Hotel Group on behalf of ten of its pension fund investors. The 494-room hotel, close to Waterloo Station, has been sold on a sale and long-term leaseback basis.

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