Internos Global Investors announced that it closed the acquisition of the 367-room Hotel Vienna Danube from Immofinanz Group for €52 million (US$68 million).
The hotel is operated under a long lease by Hilton Worldwide.
This acquisition represents the seventh hotel Internos has acquired for in the last twelve months.
“This latest acquisition, together with continued historically low interest rates, secured against very attractive returns and enhanced diversification, further reduce the portfolio’s risk profile further and thus simultaneously enhanced the quality of the returns. Due to the continued support of our original seed investors, as well as new investors, we have been able to nearly triple the initial equity to a total of €210 million, which allows us to acquire up to a further €150 million of hotel acquisitions in the next 6 to 12 months. Therefore we are actively looking for further hotel acquisitions in the remainder of 2013 and for 2014,” said Jochen Schäfer-Suren, partner, head of hotel and leisure, Internos.
