Fondhaus Hamburg (FHH) has acquired a Park Inn hotel project in the Gateway Gardens district of Frankfurt for EUR 27.5 mln. The property was bought from developer Lang & Cie. Real Estate. The hotel is let under a 20-year management contract to international hotel operator Rezidor Group. It will provide 209 rooms, several conference rooms, a fitness area and a restaurant. Construction is expected to be completed in 2010.
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