Foncière des Régions, through its specialist Hotel & Service-sector subsidiary Foncière des Murs, acquires an “NH Hotels” hotel from the NH Hotel Group in Amsterdam. This ideally-situated four-star establishment, with 232 rooms, is subject to a 20-year triple net fixed-term lease. The acquisition represents an investment of €47.9 million (transfer taxes included).
This acquisition also paves the way for a new partnership for Foncière des Régions with a new brand, NH Hotel Group, which is one of the leaders in Europe and worldwide with 400 hotels and some 60,000 rooms spread across 28 countries. Foncière des Régions is thus embarking on a new stage in the realization of its development strategy on the European ladder, whilst diversifying its hotel partnerships.
Relying on the dynamism and capacity for innovation of the NH Hotel Group, and on Foncière des Régions' 360° integrated expertise in hotel real-estate, the two partners intend to develop their partnership in Europe.
"As a pioneer in the hotel real-estate sector, Foncière des Régions is currently the leader in that market which harbours numerous development opportunities. We are delighted about this new partnership with a leading brand. The transaction bears witness to our capacity for undertaking complex and specific operations, and this thanks to our mastery of the competencies required for hotel real-estate and our perfect comprehension of the Key Accounts", emphasizes Dominique Ozanne, Managing Director of Operations for Foncière des Régions and Chief Executive Officer of Foncière des Murs.
Source: Foncière des Régions