German investor Commerz Real has acquired the 4-star hotel Steigenberger Hotel de Saxe in Dresden for its open-ended real estate fund Hausinvest.
German investor Commerz Real has acquired the 4-star hotel Steigenberger Hotel de Saxe in Dresden for its open-ended real estate fund Hausinvest.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.