17 September 2019 – Invesco Real Estate has finalised a €313-million deal to acquire three hotels in Lisbon from the Thai Minor International, marking its entry into the Portuguese hotel market.
The hotels, Tivoli Avenida Liberdade Lisbon, Tivoli Oriente Lisbon and AVANI Avenida Liberdade Lisbon, will be operated by Minor International’s subsidiary NH Hotels.
The deal is the largest ever hotel real estate transaction in Portugal.
Original Story: Publituris
Adaptation/Translation: Richard D. K. Turner