Patrizia buys Motel One hotel in Munich

By A staff reporter 2011-11-29T00:00:00

German listed property company Patrizia has acquired a Motel One hotel on Tegernseer Landstrasse in Munich for an undisclosed amount. The acquisition from Gecon Immobilien, a Büschl Group company, was carried out by Patrizia's institutional fund management KAG business for the LB Hotel-Invest Deutschland I fund.

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