Luxembourg-domiciled property fund RCapital, headed by Umberto Ronsisvalle, has acquired the Holiday Inn Paris Opera hotel in the heart of the French capital for EUR 30 mln, Italian newspaper IlSOle24Ore has reported.
Luxembourg-domiciled property fund RCapital, headed by Umberto Ronsisvalle, has acquired the Holiday Inn Paris Opera hotel in the heart of the French capital for EUR 30 mln, Italian newspaper IlSOle24Ore has reported.
The hotel, with 92 rooms and EUR 5 mln revenues per annum, will be managed by the Italian hotel group Metha. Metha Hotel manages about 14 hotels in Italy, including Accor's Mercure, Marriot International's Courtyard and Windham's Ramada.
