German listed property company Patrizia has acquired a Motel One hotel on Tegernseer Landstrasse in Munich for an undisclosed amount. The acquisition from Gecon Immobilien, a Büschl Group company, was carried out by Patrizia's institutional fund management KAG business for the LB Hotel-Invest Deutschland I fund.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
