A fund managed by Amundi Real Estate, Europe's largest asset manager, has acquired the Ink Hotel in Amsterdam from European real estate investment manager Principal.
Financial details were not disclosed.
The asset, which Principal acquired in 2012 in a sale-and-leaseback agreement with Accor Hotels, is operated as a MGallery by Sofitel property. Amundi said it struck the deal on behalf of an OPCI fund (a French real estate investment scheme).
The 4-star hotel comprises 149 rooms, a bar, restaurant, business meeting facility and a fitness centre. It received a number of design awards after its refurbishment in 2015.
The property is rented to Accor Hospitality Nederland on the basis of a 20-year lease.
Amundi Real Estate was advised by L’Etoile Properties, HVS, Greenberg Traurig and Royal Haskoning. The seller was advised by BNP Paribas Real Estate and DLA Piper.
