J&T FINANCE AND DOSFIELD ACQUIRE PRAGUE MARRIOTT FROM PH PROPERTIES

J&T Investiční společnost, the asset-management arm of Czech financial-services group J&T Finance Group, through its Prime Hotel Assets Fund, together with Czech hotel asset-management firm Dosfield Group, has acquired the four-star, 416-room Prague Marriott Hotel in the Czech Republic from Dutch real-estate holding company PH Properties BV, for a reported €200 million, with the price also including the adjoining 10,500 sqm Millenium Plaza mixed-use office and retail property, as well as the 460-space underground carpark located below the combined complex. Situated in Prague’s Old Town city centre, the hotel includes a restaurant, two bars and 14 meeting rooms. Marriott International will continue operating the hotel under a long-term management agreement.