Global investment firm Eurazeo has announced the sale of a 22-hotel portfolio in France by its 70%-owned subsidiary, Grape Hospitality.
The portfolio, primarily consisting of economy hotels, was acquired by a consortium of a hotel operator and a real estate investor.
This strategic move aligns with Grape Hospitality's plan to focus on higher-end upper midscale and upscale hotel segments across Europe.
Grape Hospitality, a leading hotel owner, operator, and investor, now owns and operates 63 hotels and manages 22 with over 10,000 rooms for third parties in seven European countries through franchise agreements.
Source: propertyeu.info on the 2nd of October, 2024
https://propertyeu.info/Nieuws/Eurazeo-divests-22-hotel-portfolio-in-France/c850de69-296c-4c22-88ac-8a8dd938d8b4