Balder acquires German Hotel Portfolio 

Swedish Real Estate investment firm Fastighets  AB Balder has acquired a portfolio of seven German hotels from Thailand-based Fico Group for €58 million (€69,000 per key).  The 842-room portfolio compromises two hotels in Berlin and one each in Leipzig, Erfurt, Gelsenkirchen, Malente and Bad Oldsloe.   The properties, branded under the Ibis, Tryp by Wyndham and Days Inn flags and managed by Grand City Hotels, were part of an €80 million portfolio that Fico acquired from Grand City four years  ago for € 80 million. Following the sale, Swedish operator Ligula Hospitality will operate the properties under 20-year lease contracts, reportedly generating an annual rental income of €4.3 million (indicating a yield of 7.4%).

First Sponsor and Event sell Bilderberg Landgoed Lauswolt  

Singapore’s First Sponsor and Germany’s Event Hotels, who together acquired the Bilderberg Hotel Group in the Netherlands in 2017, have disposed of the 65-room Bilderberg Landgoed Lauswolt for €6.8 million (€105,000 per key) to local foundation FB Oranjwoud.  The property is located in the north of the Netherlands, around 2 hours drive from Amsterdam and 40 minutes from Groningen, and directly adjacent to the Golf & Country Club Lauswolt.
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