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Spain's NH Hoteles agrees Amsterdam hotel sale for 157 mln euros
June 24, 2013 / 6:52 AM / in 4 years

Spain's NH Hoteles agrees Amsterdam hotel sale for 157 mln euros

MADRID, June 24 (Reuters) - Spanish hotel chain NH Hoteles said on Monday it had agreed the sale of the Grand Hotel Krasnapolsky Amsterdam for 157 million euros ($206.24 million) to a consortium led by AXA Real Estate Investment Managers.

The sale, which includes a deal to allow NH Hoteles to continue managing the hotel for 25 years, includes capital gains of 42 million euros. ($1 = 0.7612 euros) (Reporting By Sarah Morris; editing by Fiona Ortiz)

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