Foncière des Régions agrees deal for £858m UK hotel portfolio

Hotelrussell

Foncière des Régions has signed an agreement to buy a portfolio of 14 UK hotels that form The Principal Hotel Company for £858m from Starwood Capital.

The French company is buying the hotels, which have a total of 2,638 rooms, through its dedicated hotel real estate subsidiary, Foncière des Murs. The deal marks its first move into the UK market.

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