Hamburg-based Lloyd Fonds AG said on Friday that it has launched the marketing of the new Hotel am Fleesensee closed-ended property fund aimed at acquiring a four-star hotel on the banks of the lake Fleesensee in Mecklenburg-Western Pomerania. The fund, which runs for 20 years, is to acquire the hotel for around EUR 20 mln, of which EUR 9 mln in equity.
Hamburg-based Lloyd Fonds AG said on Friday that it has launched the marketing of the new Hotel am Fleesensee closed-ended property fund aimed at acquiring a four-star hotel on the banks of the lake Fleesensee in Mecklenburg-Western Pomerania. The fund, which runs for 20 years, is to acquire the hotel for around EUR 20 mln, of which EUR 9 mln in equity.
Lloyd bought the hotel from its developer, GBI AG, at the end of 2008 for around EUR 18 mln. The hotel is operated by TUI AG which has a 20-year lease on the property generating an annual rent of EUR 1.2 mln.
