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Park Hotels & Resorts sells Hilton Berlin for €297m

Lodging REIT Park Hotels & Resorts and its joint venture partner the Abu Dhabi Investment Authority (ADIA) have sold the 601-room Hilton Berlin in a share deal. The gross proceeds equate to approximately approx. €310 million ($350 million or $583,000 per key).

The sale of the hotel marks the 13th...

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