The hotel and leisure arm of fund manager Invesco has acquired the four-star Sofitel hotel in Nice, France, from an unnamed buyer. No financial details were disclosed. The 152-room hotels has been rebranded and leased to Spanish hotel operator NH Hotels, said property broker Christie + Co, which acted as agent for the deal.
The hotel and leisure arm of fund manager Invesco has acquired the four-star Sofitel hotel in Nice, France, from an unnamed buyer. No financial details were disclosed. The 152-room hotels has been rebranded and leased to Spanish hotel operator NH Hotels, said property broker Christie + Co, which acted as agent for the deal.
Jochen Schaefer-Suren, head of Invesco's hotel and leisure arm said the company has a further EUR 1 bn to invest in the European hotel sector and is looking for both single hotel and hotel chain deals.
