Provinzial sells Crowne Plaza Hotel in Cologne

Provinzial Lebensversicherung has sold the 301-room Crowne Plaza Hotel at Rudolfplatz in Cologne to a group of Spanish investors. The purchase price was EUR 50 mln, according to newspaper Kolner Stadt-Anzeiger. The Spanish investors intend to re-open the hotel, which is now operated by Intercontinental Hotel Groups, under another brand ...

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