Covivio completes on Värde portfolio

Covivio

Covivio has completed the acquisition of the portfolio of eight hotels located in Rome, Florence, Venice, Nice, Prague and Budapest for €573m, including €86m of capex.

The deal, which closed at the same price agreed in January, took Covivio to a portfolio of €6.8bn hotels, located in the city-centre of major European touristic destinations.

The deal will see the hotels operated by NH Hotel Group through long term triple net lease contracts with minimum guaranteed variable rent, generatin

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