Invesco Real Estate, the global real estate investment manager, is pleased to announce the exchange of contracts for the sale of a portfolio of seven hotels, from its second dedicated pan-European hotel fund. The portfolio is being sold to Pandox, a listed Swedish hotel firm, for c.€415m. The seven hotels are located across Austria, Germany and the Netherlands, and part of the NH, Radisson Blu and Park hotel brands. Following the close of the sale, due to take place on 19 December 2016, the fund will be disinvested.

Read more on: europe-re.com