Real estate Hospitality
17:44 8 January 2020
Post by: WBJ

Union Investment to take over 2 hotels under construction in Kraków and Katowice

Union Investment has signed a contract to take over the ibis Styles hotel being built in Kraków and the Mercure hotel being built in Katowice. The total value of both transactions amounted to approx. €86 million, the company said. The hotels will go to the portfolio of the new UII EuropeanM special fund focused on European commercial real estate.
“Both properties together will offer 527 rooms. The developer, seller and future operator of the objects whose construction is to be completed in the fall of 2021 is UBM. In both cases the lease agreement will be in force for 25 years,” the communiqué reads.
The acquired development projects will be the first in the portfolio of the new UII EuropeanM fund, which will invest mainly in the office, hotel, logistics, and commercial real estate.


(ISBnews)

hotels
union investments

More News

lifestyle

LifeStyle
2 months ago

'We work hard, we achieved what we have on our own, we are strong women, and we have our voice': Joanna Krupa

LifeStyle
2 months ago

Magdalena Lamparska: 'Viewers have come to enjoy watching movies at home'

LifeStyle
2 months ago

8th edition of the 4 Design Days in Katowice 25–28 January Everlasting design. Timeless architecture.

LifeStyle
2 months ago

Children's birth completely changed my perception of the world: actress Zuzanna Grabowska

Book of Lists

Book of Lists
3 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
3 years ago

25th jubilee edition of Book of Lists – project start