Atream acquires Park Inn in Nuremberg for €23mn

20/12/2018

Atream Hotels has acquired the “Park Inn by Radisson Nürnberg” for €23.5mn. The three-star hotel is located at Sandstraße 2-8 on the edge of the historic city center, and has 148 rooms and seven conference rooms. It was last renovated in 2015/2016. The hotel is operated by the Radisson Hotel Group; its lease has a remaining term of ten years. The property was sold by Principal Real Estate for its fund “Principal Hotel Immobilien Spezialfonds”. This fund had acquired the Nuremberg hotel as an initial portfolio, along with three other hotels, in 2012.


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