Hamburg-based Lloyd Fonds AG has acquired the Fleesensee hotel project in Mecklenburg, northern Germany from developer GBI. The transaction volume amounts to EUR 18 mln. The four-star hotel is scheduled to open in July 2009. It will have 156 rooms and suites as well as a spa and fitness area. A spokesperson for Lloyd Fonds said the hotel will be transferred to a new closed-end fund to be launched at the beginning of next year. She said details regarding the size of the fund were not yet available.
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