LFPI announced it will take over the group of 12 hotels from Lone Star. The amount of the transaction has not been disclosed.
With this acquisition, LFPI will own and manage a portfolio of 74 hotels, 64 of which are in France and 10 are in Germany, representing more than 6,000 rooms under the brands Timhotel (15 properties), Louvre Hotels Group, Accor, InterContinental Hotel Group and Best Western. The group has been present in the hotel sector for more than 10 years and is actively looking for new opportunities for hotel acquisitions, either singly or as part of a portfolio, real estate and business, or the real estate alone.
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