Regions International
Crowne Plaza Amsterdam City Centre Sold
May 14, 2008

Acting for an Institutional investor and InterContinental Hotels Group (IHG), Jones Lang LaSalle Hotels Inc. has completed the sale of the Crowne Plaza Amsterdam City Centre, which was sold for $111 million to joint venture HHR Euro CV. The Crowne Plaza Amsterdam City Centre was jointly owned by an institutional investor (83 percent) and IHG (17 percent). HHR Euro CV is a joint venture established in March 2006 between Host Hotels & Resorts, Inc., Stichting Pensioenfonds ABP, the Dutch pension fund for public employees, and an affiliate of GIC Real Estate Pte Ltd (GIC RE), the property investment arm of the Government of Singapore Investment Corp. The joint venture now owns eleven hotels in Spain, Italy, United Kingdom, Poland, Belgium and The Netherlands.

 
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