Brief: Fonciere des Regions agrees on strategic investment partnership to support Meininger brand expansion

Covivio Hotels SCA

03/12/2014 07:31

Dec 3 (Reuters) - Fonciere Des Regions SA  FDR.PA : 
    * Agrees a strategic investment partnership to support the 
Meininger brand expansion 
    * It has formed partnership in respect of the sourcing by 
Meininger and acquisition by Foncière des Régions of hotel 
property investment opportunities 
    * Says partnership is made through its subsidiary Fonciere 
des Murs 
    * Hotels will be leased to and managed by Meininger under 
the Meininger brand 
    * Over the next 4 years, this strategic agreement could 
translate into up to 400 million euros in total hotel 
investments 
    * Investments will be in European gateway cities 
 
Source text: http://bit.ly/1tLdpY2 
Further company coverage:  FDR.PA  
 
 (Gdynia Newsroom) 
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Keywords: FONCIERE DES REG/BRIEF