Constellation Hotel Holdings Acquires InterContinental Paris – Le Grand
Posted on 08/08/2014
Gulf sovereign wealth funds continue to purchase hotel properties across Europe. Constellation Hotel Holdings, controlled by the Qatar Investment Authority (QIA), has agreed to pay €330 million for the InterContinental Paris – Le Grand and set aside €60 million toward future hotel renovations. InterContinental Hotels Group (IHG) will keep a 30-year hotel management contract with […]
- Constellation Hotel Holdings
- France
- Hotels
- IHG
- InterContinental Hotels Group
- InterContinental Paris
- Paris
- Qatar Investment Authority
- real assets
- Real Estate
