| The sovereign wealth fund of Oman (Oman Investment Fund) is buying a portfolio of seven European Hilton hotels. Two of the properties are located in Germany: the Hilton in Dresden (An der Frauenkirche 5) and the Hilton in Düsseldorf (Georg-Glock-Straße 20).
The remaining hotels are in Paris (Airport Charles de Gaulle), Zurich, Strasbourg, Luxemburg, and Barcelona. Market circles estimate the purchase price at around €400mn. The seller is a joint venture of the US hedge fund Baupost and the Westmont Hospitality Group. Baupost was advised by Eastdil Secured...............................................Full Article: Source
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