fonci re des r gions
IHG to Rebrand and Operate 13 UK Hotels Through Agreement With Foncière des Régions Following Acquisition From Starwood Capital Group
IHG | May 3, 2018
IHG to become largest luxury hotel operator in the UK, deal to include first UK properties for Kimpton Hotels & Restaurants InterContinental Hotels Group ("IHG") [LON:IHG, NYSE:IHG (ADRs)] has today announced plans to expand its luxury and upscale estate in the UK. IHG has entered into a conditional agreement with Foncière des Régions ("FdR"), to rebrand and operate 12 high quality open hotels (2.2k rooms) and one pipeline hotel (185 rooms) into its portfolio across the UK. This deal will establish IHG as the leading luxury hotel operator in the UK, taking it to more than 2k rooms in this valuable, fast grow...
Starwood Capital Group to Sell an £830m ($1.1b) Portfolio of U.K. Hotels to Foncière des Régions
Starwood Capital Group | May 3, 2018
MIAMI, May 3, 2018 -- Starwood Capital Group ("Starwood"), a leading global private investment firm, announced today that a controlled affiliate has agreed to sell a portfolio of 14 U.K. hotels that form part of The Principal Hotel Company to Foncière des Régions (through its subsidiary dedicated to hotel real estate, Foncière des Murs). Terms of the transaction, which is expected to be completed in June 2018, were not disclosed. The portfolio consists of 14 leading, full-service hotels comprised of 2,638 keys and split across two distinct landmark brands, Principal (12 hotels) and De Vere (2 hotels). The ...
AccorHotels Pursues Transformation of HotelInvest with €281M Portfolio Purchase of 43 Hotels
AccorHotels | October 19, 2015
Paris, France - October 19, 2015 - AccorHotels announces the purchase of a portfolio of 43 hotels (4,237 rooms) from Foncière des Régions, for a total of €281 million. Located in France, the hotels have been operated under variable leases by AccorHotels since 2005 and 2007, under the ibis budget, ibis, Novotel, Mercure, Pullman and Sofitel brands. The deal is scheduled to be finalized in the first half of 2016 and is subject to the usual conditions for this type of transaction. The agreement includes a substitution clause for the buyer, enabling HotelInvest to immediately integrate these hotels into its dynamic asset ...
