JER Partners has entered the German hotel market with the acquisition of the Marriott Munich hotel, a 4-star business and conference facility, from an unnamed vendor . The hotel, which has a long-term management agreement with Marriott, consists of 348 guest rooms, nine conference rooms, a Grand Ballroom and three restaurant bars. The transaction volume was not disclosed. As part of its investment strategy, JER will carry out an extensive refurbishment programme to upgrade the hotel over the next few years.
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