Invesco Real Estate has acquired a 327-bed hotel in Poland on behalf of a German separate account mandate from Granaria Development Gdansk, a partnership between Immobel and Multibud.
The real estate manager said the acquisition of the Cloud One Hotel Gdansk is the first time the client, “a long-standing German separate account mandate”, has diversified into the hotels sector.
Financial details were undisclosed.
The seven-storey hotel located on Granary Island in central Gdansk, completed this year. It will be managed by Motel One Group under a 25-year lease.
Source: realassets.ipe.com on the 9th of December