Global real estate investment manager Invesco Real Estate (IRE) has acquired the refurbished Sheraton Grand Hotel in central Krakow for €70 mln from hotel investor Algonquin.
Global real estate investment manager Invesco Real Estate (IRE) has acquired the refurbished Sheraton Grand Hotel in central Krakow for €70 mln from hotel investor Algonquin.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.