AM alpha has completed the acquisition of the newly opened hotel “Moxy by Marriott” in the centre of Lille. Located on Rue Jean Bart, this 3* hotel offers generous accommodations with 127 rooms and suites on 5,200m² and is fully pre-let to WALK HOSPITALITY, a franchisee of the Marriott Group. The asset benefits from close proximity to many famous historical and cultural monuments in Lille, including the Palais des Beaux-Arts (300m), the Natural History Museum (280m) and the City Hall (400m, 10 minutes on foot) and the Saint-Sauveur train station (450m). The purchase price was not disclosed.
Martin Lemke, Managing Director at AM alpha, commented: “Having marked our second investment in France within a month this transaction demonstrates our ability to find interesting opportunities in other sectors with a different risk profile not only within the metropoles but also in dominant regional markets. We are convinced that the combination of quality of location, brand and building will deliver sustainable value to our long-term investors. France will continue to be the main focus for us and we will actively seek core and value-oriented investments across all sectors.”
