Foncière LFPI has bought the 388-room Mercure Paris Porte de Versailles hotel in Vanves, in the southwestern suburbs of Paris from Foncière des Murs (FdM). The transaction price amounts to EUR 41.5 mln.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
