AXA IM buys 11-strong European hotel portfolio

Hilton Vienna Danube Waterfront

AXA Investment Managers - Real Assets has spent €531m (£470m) on behalf of clients to buy a portfolio of 11 hotels across Europe.

The portfolio, which includes the Hilton Vienna Danube Waterfront and MGallery Cologne, will be secured through the acquisition of all assets held by the Principal Hotel Immobilien Spezialfonds, managed by Principal Real Estate, a European real estate investment manager and part of the Principal Financial Group.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue