ICG Real Estate, the real estate business of Intermediate Capital Group (ICG), has issued a €62 mln whole loan to Naos Hotel Group to finance the forward acquisition of a hotel located at the Nice Cote d’Azur airport in the south of France.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
