Active Asset Investment Management (AAIM) has confirmed it bought a portfolio of six luxury hotels in a 25-year sale-and-leaseback deal from the private equity firm Permira for EUR 400 mln. Premira is backed by Manchester United manager Sir Alex Ferguson and music impresario Simon Cowell.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
