Union Investment brings Motel One to US

Hamburg-based Union Investment has acquired new operators for its hotels in New York City and Portland, both of which are held by UniImmo: Global. Motel One, Munich, has signed a 20-year lease for the hotel in New York City. In Portland, Oxford Capital Group, Chicago, will take over as tenant and manager of The Porter hotel. The Porter will continue to be affiliated with the Curio Collection by Hilton. The hotel in New York City has already been handed over to Motel One, and the hotel in Portland is also due to be handed over in July. Motel One’s lease…
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