Real estate investor Foncière des Régions announced the acquisition of two Motel One hotels in Germany in a sale & lease back operation.
Motel One Berlin-Mitte (2 stars) has 184 rooms, a bar and free WiFi in the common areas. Motel One Frankfurt-airport, meanwhile, has 271 rooms, free WiFi and a bar. "With this initial operation, Foncière des Régions intends to support Motel One in its development, as we have done with our other hotel partners over the past ten years, such as Accor, Louvre Hotels Group, B&B Hôtels and, more recently, Meininger," remarks Gaël Le Lay, Deputy CEO Hotels and Service sector.
Motel One Group was, on January 1, 2014, the 77th group hotel group worldwide with 9,932 rooms in 45 properties, according to data from MKG Hospitality, consulting firm founded by Georges Panayotis (read our report).
- Interview with Dieter Müller, CEO Motel One
- Worldwide Hospitality Awards: Motel One receives the Grand Prize 2014
- Foncière des Régions and Meininger Hotels agree a strategic investment partnership
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