Lloyd Fonds launches new hotel fund

Hamburg-based Lloyd Fonds AG said on Friday that it has launched the marketing of the new Hotel am Fleesensee closed-ended property fund aimed at acquiring a four-star hotel on the banks of the lake Fleesensee in Mecklenburg-Western Pomerania. The fund, which runs for 20 years, is to acquire the hotel for around EUR 20 mln, of which EUR 9 mln in equity.

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