Foncière des Murs, the hospitality unit of Foncière des Régions, has sold four budget hotel properties in the French cities of Montpellier, Lille, Courbevoie and Nantes to different private investors for a total of EUR 24 mln. The disposal prices are in line with appraisal values, the company said.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
