Generali Real Estate has marked its entry into the UK hospitality market with the acquisition of a four-star London hotel.
Generali Real Estate has invested an undisclosed sum to acquire the 203-key Novotel London Tower Bridge located at 10 Pepys Street, a transaction that pushes its pan-European hospitality portfolio to approximately €1 billion.
The firm’s existing hotel allocation focuses on four and five-star properties in prime locations across Milan, Rome, Madrid, Paris, Prague, Venice and Lyon.
Source: realassets.ipe.com on the 8th of June