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Internos fund acquires hotels in Munich and The Hague

Internos to announce the recent exchange of contracts for the acquisition of two new hotels - the Ibis Munich City West, Germany, and Ibis City Centre The Hague, Netherlands, - for a total investment of €37 million on behalf of the Internos Hotel Real Estate Fund. The acquisition of the Ibis Munich City West closed this week and the closing of the Ibis The Hague City Centre is planned in the coming weeks. These two acquisitions represent the fifth and sixth hotels Internos has acquired for the Internos Hotel Real Estate Fund. The hotels were acquired in two separate transactions from private vendors. Both hotels are existing properties with strong cash flow track records, are well located in strategic locations in their respective cities[…]