Through its subsidiary Foncière des Murs, Foncière des Régions bought the real estate of the Dutch hotel from the group NH Hotels, for a total of 47.9 million euros.
Foncière des Régions is investing in Amsterdam and acquiring, through its subsidiary Foncière des Murs, the walls of the NH Amsterdam Center hotel in the Netherlands. The transaction with the Spanish hotel group NH Hotels represents 47.9 million euros.
The NH Amsterdam Center is a four-star property with 232 rooms, operated through a 20-year lease contract. It is the group's third hotel in the Dutch capital, where it currently manages some 3,000 rooms.
For NH Hotels, this first agreement with Foncière des Murs should give way to new collaborations with the French group, particularly with a goal to expanding its presence in France and especially in Paris. It also allows Foncières des Régions to pursue the European strategy it recently began (read our article).
"A pioneer on the hotel real estate sector, Foncière des Régions is today's leader on the market which has many growth opportunities. We are pleased about this new partnership with such a reference. This operation testifies to our capacity to realize complex and specific operations thanks to our expertise in hotel real estate and our perfect knowledge of Key Accounts," declared Dominique Ozanne, Managing Director Foncière des Régions and CEO Foncière des Murs.
Also on the subject:
NH Hotel Group reduce its losses on 1st semestre 2014 by 0.8%
Interview with Federico Gonzalez Tejera, CEO at NH Hotel Group
Every week, the HON team brings you an expert look at the world of hospitality. By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.
Sign up to add
topics
in favorite.
Sign up to add
categories
in favorite.
Sign up to add
content
in favorite.
Register for free to
vote
for the application.
Already signed up?Already signed up?Already signed up?Already registered?Login here!
Europe
