Grand City Hotels and Resorts (GCHR), a private investment company which is 50%-owned by Lehman Brothers, aims to add at least four new hotel properties to its portfolio by the end of the year, marketing director Sven Doliwa told Immobilien Zeitung.
Grand City Hotels and Resorts (GCHR), a private investment company which is 50%-owned by Lehman Brothers, aims to add at least four new hotel properties to its portfolio by the end of the year, marketing director Sven Doliwa told Immobilien Zeitung.
GCHR's portfolio currently comprises 36 hotels in Germany and the Netherlands. In December 2007, the Berlin-based company acquired the Holiday Inn hotel in Hamburg from US investment company Westbridge Hospitality Fund for an undiclosed amount.
