German lender pbb Deutsche Pfandbriefbank said on Wednesday that it is providing a €157 mln loan to developer Groß & Partner Group for the construction of The Spin, a hotel and office tower in Frankfurt's central Europa quarter.
Opportunistic investors KKR and Baupost confirmed the acquisition of a portfolio of 33 Marriott International hotels across the UK from ADIA, while listed property group Covivio completed the purchase of 43 hotel properties in France, Belgium and Germany, in a €800 mln swap deal with AccorInvest.
