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8 November 2019
Deals | France | Real Estate Transactions & Financing
A joint-venture between Angelo Gordon and EQ Group has finalised the acquisition of Gecina's portfolio of hotels.
The portfolio, valued at EUR 181 million, consist of the walls and business assets of five hotels located in the Paris region, i.e. Paris, Boulogne-Billancourt, Bougival and Roissy.
The hotels are operated in management of franchise agreements, under Marriott and Intercontinental brands.
Partners Nadège Nguyen and Hugues Moreau advised the purchasers on this transaction, with a multi-disciplinary team comprising:
Taj acted for the purchaser on the tax aspects of the transaction.
Clifford Chance and CMS Francis Lefebvre advised the sellers on legal and tax aspects respectively.