>Accor Announces the Sale of 5 Hotels in 4 European Countries for EUR154 Million

Share Button

>PARIS, February 19, 2010 /PRNewswire-FirstCall/ — As part of the ongoing deployment of its “asset right” strategy, Accor has announced an international real estate transaction involving the sale of five hotels (representing more than 1,100 rooms) in four European countries for EUR154 million.

The transaction has been carried out with Invesco Real Estate, a major real estate manager in the United States, Europe and Asia, with assets under management of more than EUR18 billion, of which EUR650 million in European and US hotel properties.

Read more:

About the Author