PropertyEU

Accor divests Paris' Arc de Triomphe hotel

By A staff reporter 2011-07-29T00:00:00

French hotel chain Accor has announced the disposal of the Sofitel Arc de Triomphe in Paris through a sale and management-back arrangement with a consortium of French private investors. The transaction price amounted to EUR 69 mln, including EUR 44 mln for the purchase of the hotel and a commitment ...

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