LAIQON AG
Lloyd Fonds Aktiengesellschaft: Lloyd Fonds sells a further hotel to the Motel One Group
– Successful sale of the fund’s property “Hotel Leipzig Nikolaikirche” – Investors achieve a pre-tax return of approximately 8 per cent p.a.
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: ir@lloydfonds.de End of Media Release 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. |
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: | info@lloydfonds.de |
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 |