Keyword: Invesco Real Estate
Major U.S. single-asset deals during the third quarter totaled approximately $6.4 billion with an average sale price of $419,000.
The company is developing a new hotel on the south side of Frankfurt Central Station.
Al Zaman Group has acquired four IntercityHotels in Germany from Invesco Real Estate for an undisclosed sum.
The majority of Invesco's €530-million European hotel acquisition is in Germany while the rest is in the Netherlands.
Pandox will continue renovations on the property once the purchase is finalized.
Gone is previous CEO Fredrik Korallus; at the top now are top executives from Pentahotels.
Swedish hotel investment group Pandox is acquiring seven hotels in Europe from Invesco Real Estate.