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InterHotels Deal Almost Done

Nov 29, 2013
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A joint venture between Starwood Capital and Canadian real estate developers Brookfield Property is reportedly in the process of closing a deal to buy the portfolio of Blackstone’s former Deutsche Interhotel (DIH) group out of insolvency for around €500 million. The DIH portfolio consists of ten hotels across Germany, including the Park Inn and Grand Hotel in Berlin; the Westin Bellevue, ibis and Mercure hotels in Dresden; a Westin and a Radisson hotel in Leipzig; a Radisson in Erfurt; and two Mercure hotels in Potzdam and Chemnitz.