AAIM confirms luxury hotel deal

By A staff reporter 2007-01-05T00:00:00

Active Asset Investment Management (AAIM) has confirmed it bought a portfolio of six luxury hotels in a 25-year sale-and-leaseback deal from the private equity firm Permira for EUR 400 mln. Premira is backed by Manchester United manager Sir Alex Ferguson and music impresario Simon Cowell.

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