Foncière des Régions enters into a new hotel partnership with Motel
Transcription
PRESS RELEASE Paris, 10 February 2015 Foncière des Régions enters into a new hotel partnership with Motel One Foncière des Régions, via its subsidiary Foncière des Murs, announces the acquisition of two Motel One hotels located in Berlin-Mitte and at the Frankfurt airport, Germany. With this sale & lease back transaction, Foncière des Régions is entering into a new hotel partnership with a wellknown brand, Motel One, and simultaneously reinforcing its presence in Germany. The acquisition of these two hotels represents a €34 million investment (taxes and fees included). The establishments are under 20-year fixed leases and have a total of 450 rooms. For Foncière des Régions, the leader in European hotel properties, budget hotels have strong growth potential in Germany, where the penetration rate of chains is still low. “With this initial transaction, Foncière des Régions intends to support Motel One in its development, as we have done with our other hotel partners over the past ten years, such as Louvre Hotels Group, B&B Hôtels, and more recently, Meininger,” underlines Gaël Le Lay, Deputy CEO Hotels & Service sector. With 48 hotels and nearly 13,000 rooms, Motel One is one of the most dynamic brands in budget hotels. Combining comfort and design, excellent locations and affordable prices, Motel One is aspiring to significantly grow its operations in Europe. Contacts Press Relations Géraldine Lemoine Tel : + 33 (0)1 58 97 51 00 [email protected] Investor Relations Paul Arkwright Tel : + 33 (0)1 58 97 51 85 [email protected] 1/2 Foncière des Régions, co-créateur d’histoires immobilières As a key player in real estate, Foncière des Régions has built its growth and its portfolio on the key and characteristic value of partnership. With a total portfolio valued at €16Bn (€10Bn in group share), located in the high-growth markets of France, Germany and Italy, Foncière des Régions is now the recognised partner of companies and territories which it supports with their real estate strategies with a twofold: adding value to existing urban property and designing buildings for the future. Foncière des Régions mainly works alongside Key Accounts (Orange, Suez Environnement, Edf, Dassault Systèmes, Thales, Eiffage…) in the Offices market as well as being a pioneering and astute operator in the two other profitable sectors of Residential market in Germany and Hotels in Europe. Foncière des Régions shares are listed in the Euronext Paris A compartment (FR0000064578 FDR), are admitted for trading on the SRD, and are included in the composition of the MSCI, SBF 120, Euronext IEIF “SIIC France” and CAC Mid100 indices, in the “EPRA” and “GPR 250” benchmark European real estate indices, and in the FTSE4 Good, DJSI World and NYSE Euronext Vigeo (World 120, Eurozone 120, Europe 120 et France 20) ethics indices. Foncière des Régions is rated BBB-/Stable by Standard and Poor’s. www.en.foncieredesregions.fr 2/2
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