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Brief: Covivio Acquires Four Hotels In Milan For EUR 217 Mln

April 15 (Reuters) - Covivio SA CVO.PA:

ACQUISITION OF FOUR HOTELS IN MILAN FOR €217 MILLION

THIS ACQUISITION OFFERS A GUARANTEED MINIMUM RENTAL YIELD OF 6% AND A TARGET YIELD, INCLUDING VARIABLE RENT, OF APPROXIMATELY 7%

INVEST HOSPITALITY WILL CONTINUE TO OPERATE AS MANAGER OF PROPERTIES

ACQUISITION WAS FINALIZED THROUGH A SALE AND LEASEBACK TRANSACTION WITH INVEST HOSPITALITY

Source text: ID:nPLXF65507

Further company coverage: CVO.PA

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com ; +48 58 769 66 00;;))

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