Berlin-based Trigon Invest has sold the Radisson SAS hotel in Hamburg to Azure Property. The transaction value comes to around EUR 40 mln. The hotel, the highest building in Germany when it opened its doors in 1973, offers some 560 hotel rooms. Azure Property intends to invest some EUR 40 mln on the refurbishment of the 120-metre high structure, German newspaper Immobilien Zeitung reported.
Berlin-based Trigon Invest has sold the Radisson SAS hotel in Hamburg to Azure Property. The transaction value comes to around EUR 40 mln. The hotel, the highest building in Germany when it opened its doors in 1973, offers some 560 hotel rooms. Azure Property intends to invest some EUR 40 mln on the refurbishment of the 120-metre high structure, German newspaper Immobilien Zeitung reported.
