PRIMOTEL EUROPE ACQUIRE HYATT REGENCY DÜSSELDORF

Aviva France and Algonquin have purchased the Hyatt Regency Düsseldorf, in western Germany, for an undisclosed sum for their Primotel Europe investment vehicle. The 303-room hotel, which opened in December 2010, is in Düsseldorf's Media Harbour district, overlooking the River Rhine and the city centre. The deal marks Primotel Europe's first investment in Germany and it is its second aquisition overall, following the purchase of the 262-room Renaissance Brussels and the 57-unit Marriott Executive Apartment Brussels in Belgium in December 2015.

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