PATRIZIA ACQUIRES TWO MUNICH MARRIOTTS
Real estate investment firm PATRIZIA Immobilien AG has bought two Marriott hotels in Munich, Germany, from Reiss & Co. Real Estate München and E&G Bridge Equity Fonds. The 227-room Courtyard Munich City East and the 125-room Residence Inn Munich City East, near to the city’s Ostbahnhof railway station, were both constructed in 2011. Both properties are operated by SV Group under franchise from Marriott International. The sales price was not disclosed.