Paris hotel portfolio is sold to Morgan Stanley-led joint venture

04/9/2013 | HotelsMag.com (free registration)

A real estate fund operated by Morgan Stanley Real Estate Investing has acquired four hotels in Paris through a joint venture with Paris Inn Group. The hotels, which comprise a total of 626 rooms, were sold by Ivanhoé Cambridge for an undisclosed amount. The joint venture is expected to make more acquisitions in Paris' midscale hotel market.

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