Invesco European Hotel Real Estate Fund has acquired the Novotel in the World Forum in The Hague from Dutch developer TCN. No financial details were disclosed. The 216-room hotel has a total surface area of 10,000 m[sup]2[/sup] and is leased on a long-term basis to Accor Hotels.
Invesco European Hotel Real Estate Fund has acquired the Novotel in the World Forum in The Hague from Dutch developer TCN. No financial details were disclosed. The 216-room hotel has a total surface area of 10,000 m2 and is leased on a long-term basis to Accor Hotels.
TCN said that the sale of the hotel fitted in with the company's strategy to sell assets that no longer required any further development activities and that were of interest to investors.
TCN will retain the ownership of the other parts of the World Forum.
Nadorp Bedrijfsmakelaars acted on behalf of the vendor.
