LEIPZIG, GERMANY—Internos Global Investors, has closed of the acquisition of the Steigenberger InterCity Hotel Leipzig from B & L Gruppe on behalf of the Iternos Hotel Real Estate Fund I. This is the 10th hotel to be acquired for the Hotel Fund since its first closing 18 months ago.
Together with the recently announced acquisition of the Maritim Dresden, which will close shortly, the latest acquisitions represent around $100 million €70M) of investments for the Internos Hotel Real Estate fund since the beginning of 2014.
The InterCity Leipzig opened in May 2013 and is operated under a long lease by InterCity Hotels, a 100% subsidiary of Steigenberger Hotels. The property is a brand new, high quality, 4-star hotel with 166 rooms, a restaurant, bar and appropriate meeting facilities. It is located in a prime location in the very heart of Leipzig, next to the main train station and opposite the new shopping centre Höfe am Brhl.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
