Starwood'sfive-star Euro hotels sell-off

摘要

Starwood Capital is preparing to sell eight luxury continental hotels with a price tag thought to be around €900m.The US-based private investment firm bought the Concorde-branded portfolio in 200S through the acquisition of hotel and champagne business Groupe Taittinger.The purchase included hotel company Societe du Louvre, which owned the Concorde assets.The properties are in France, Germany and Switzerland and include the 409-bedroom Hotel Martinez on La Croisette in Cannes; the Villa Massalia hotel in Marseille; the 188-bedroom Hotel Palais de la Mediterrranee in Nice; the 950- bedroom Hotel Concorde La Fayette, the 177-bedroom Hotel du Louvre and the Concorde Opera Paris hotel in Paris; the Hotel Concorde Berlin; and the Hotel de la Paix in Geneva.