Until just a few months ago, the prospect of food and beverage (F&B) tenants attracting crowds of diners to an asset was music to a landlord’s – and an operator’s – ears.
Until just a few months ago, the prospect of food and beverage (F&B) tenants attracting crowds of diners to an asset was music to a landlord’s – and an operator’s – ears.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.