CPI PROPERTY GROUP
CPI PROPERTY GROUP Acquires Four Star Hotel in Rome
DGAP-News: CPI PROPERTY GROUP / Key word(s): Investment 2015-11-05 / 18:08 --------------------------------------------------------------------- CPI PROPERTY GROUP (the "Company") announces the acquisition of a 4 star hotel in Rome, Italy. On 5 November 2015 the Company acquired the 4 star hotel in Rome by means of the acquisition of a hotel business conducted under the name "Holiday Inn Rome - Eur Parco dei Medici" of Rome for an aggregate acquisition price of EUR 32 million from an outside party. The transaction also consist of the simultaneous lease-back of the hotel business to the seller. The acquisition is financed by UniCredit bank. The hotel is a renovated 4 star hotel with 317 rooms and capacity to accommodate up to 700 guests. The hotel includes a restaurant, cocktail lounge, garden with a swimming pool, fitness and wellness area. The hotel is located on Via del Castello della Magliana, next to Rome's business hub and 12 km from L. Da Vinci-Fiumicino International Airport. Contact: Kirchhoff Consult AG Sebastian Bucher Herrengraben 1 D-20459 Hamburg T +49 40 60 91 86 18 F +49 40 60 91 86 60 sebastian.bucher@kirchhoff.de --------------------------------------------------------------------- 2015-11-05 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: CPI PROPERTY GROUP 40, rue de la Vallée L-2661 Luxembourg Grand Duchy of Luxembourg Phone: +352 264 767 1 Fax: +352 264 767 67 E-mail: contact@cpipg.com Internet: www.cpipg.com ISIN: LU0251710041 WKN: A0JL4D Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart End of News DGAP News Service --------------------------------------------------------------------- 409673 2015-11-05
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