28.03.2017
Lloyd Fonds Aktiengesellschaft DE000A12UP29
Lloyd Fonds Aktiengesellschaft: Lloyd Fonds sells a further hotel to the Motel One Group
DGAP-Media / 28.03.2017 / 09:54
- Successful sale of the fund's property "Hotel Leipzig Nikolaikirche"
- Investors achieve a pre-tax return of approximately 8 per cent p.a.
Hamburg, 28 March 2017. The Lloyd Fonds Group has successfully sold a
further hotel property including retail areas to the "Motel One" hotel
group. According to the Hamburg-based investment- and assetmanager, a
purchase factor of 22.2 was generated for the hotel operated by Motel One
Hotel in Leipzig in relation to the net annual rental. The hotel property
had been acquired at the time by the investors of the real estate fund
"Hotel Leipzig Nikolaikirche" at a purchase price factor of 15.5.
Lloyd Fonds had created the fund in the year 2010, thus continuing a series
of successful hotel investments. The hotel opposite St. Nicolas' Church in
Leipzig's medieval part of the city let to the Motel One Group used to be
owned by the fund.
"German hotel properties in prime locations under long-standing leases are
currently fetching top prices. In this market environment, we took advantage
of this opportunity and managed to get an extremely good selling price,"
says Dr Torsten Teichert, CEO of Lloyd Fonds AG. "This represents a
tremendous result for our investors." Under a profit-sharing arrangement in
place, Lloyd Fonds AG also stands to benefit from the successful sale of the
hotel.
The investors in the fund will receive a total capital payout of about 156
per cent before taxes. In relation to the average term of roughly 6.3 per
cent, this means an annual pre-tax asset increment of around 8 per cent.
Lloyd Fonds was one of the first fund providers that identified the trend
towards budget hotels, making projects accessible to the Motel One hotel
group still in its infancy in those days. Last summer, Lloyd Fonds had
already sold two hotel properties in Nuremberg and Berlin to the Motel One
Group at top prices.
Contact:
Susanne Maack
Capital Markets / PR
Lloyd Fonds AG
Amelungstraße 8-10
20354 Hamburg
Tel: +49-40-325678-132
Fax: +49-40-325678-99
Mail: [email protected]
End of Media Release
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Issuer: Lloyd Fonds Aktiengesellschaft
Key word(s): Real estate
28.03.2017 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Lloyd Fonds Aktiengesellschaft
Amelungstr. 8-10
20354 Hamburg
Germany
Phone: +49 (0)40 32 56 78-0
Fax: +49 (0)40 32 56 78-99
E-mail: [email protected]
Internet: www.lloydfonds.de
ISIN: DE000A12UP29
WKN: A12UP2
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange; Open
Market (Scale) in Frankfurt
End of News DGAP Media
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558783 28.03.2017
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