Hamburg-based Union Investment has acquired its third hotel in Germany's capital in six months with the purchase of the four-star Meliá Berlin.
Hamburg-based Union Investment has acquired its third hotel in Germany's capital in six months with the purchase of the four-star Meliá Berlin.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.