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UK's Internos invests ¤100m in four European hotels

30 September 2012, 06:06 PM

UK-based Internos has bought four German hotels for over ¤100m as a seed portfolio for its hotel fund, expanding its network in key cities in Germany and the Netherlands. The fund targets up to ¤300m in investment volume, and the firm is forecasting dividend yields and IRRs of respectively 7.5% and 11% p.a. net.