PARK INN KRAKOW SOLD TO UNION INVESTMENT FOR €26 MILLION

The German institutional real estate fund Union Investment, has announced the acquisition of its second hotel in Krakow, the 152-room Park Inn by Radisson. The property, located south of the Vistula river and in immediate vicinity of the ICE Congress Centre, was acquired for €26 million from a joint venture between UBM Development and Lindorcenia Ltd. Currently operated under a long-term lease agreement, management of the hotel will remain unchanged.

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