Brief: Fonciere des Regions enters into new hotel partnership with Motel One

Covivio Hotels SCA

10/02/2015 07:10

Feb 10 (Reuters) - Fonciere des Regions SA  FDR.PA : 
    * Via subsidiary Fonciere des Murs  FERP.PA , announces 
acquisition of two Motel One hotels in Berlin-Mitte and at 
Frankfurt Airport, Germany 
    * Enters into new hotel partnership with Motel One with this 
sale & lease back transaction 
    * Acquisition represents 34 million euros ($38.5 million) 
investment, establishments are under 20-year fixed leases and 
have a total of 450 rooms 
 
Source text: http://bit.ly/1qVSlfL 
Further company coverage:  FDR.PA  
 
($1 = 0.8823 euros) 
 
 (Gdynia Newsroom) 
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