BSR Europe, a subsidiary of Israeli property company BSR Europe, has teamed with a Polish and a French company to buy the Warsaw Marriott hotel for EUR 118 mln. Each of the partners owns one third of the hotel, Globes Online has reported. The partners are financing EUR 66 mln from shareholders' equity and the rest from a loan from a European bank. BSR Europe estimates the hotel's annual net revenue at EUR 8 mln.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
