Brookfield and Starwood to sell Germany's Interhotel portfolio
A joint venture of Brookfield Property Partners (BPY) and Starwood Capital Group have agreed to sell the Interhotel portfolio to FDM Management. No financial terms were disclosed for the deal, which is expected to close in August. The Interhotel portfolio comprises nine hotels located in a number of cities across eastern Germany, including Park Inn Berlin, which is adjacent to Berlin's Alexanderplatz. FDM is an investment vehicle created by French real estate holding company Foncière des Regions and its institutional partners. BPY is an affiliate of Toronto-based alternative assets manager Brookfield Asset Management.
24 May 2016•4 mins read
