French asset manager LFPI has announced the acquisition of the Alliance Hotel Group from US private equity firm Lone Star for an undisclosed amount.

French asset manager LFPI has announced the acquisition of the Alliance Hotel Group from US private equity firm Lone Star for an undisclosed amount.

The group comprises 12 hotels branded Mercure, Crowne Plazza or Best Western and positioned as three- and four-star offerings. They are located in Greater Paris as well as key regional cities and representing 1,913 rooms.

Following this acquisition, LFPI Group owns or operates a portfolio of 74 hotels (64 in France and 10 in Germany), totalling more than 6,000 rooms.

Lone Star was assisted in this sale by Crédit Agricole Corporate Investment Banking and BNP Paribas Real Estate Hotels as sales advisors.