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
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