French hotel group Accor has divested five hotel properties with over 1,100 rooms in four European countries to Invesco Real Estate for a total of EUR 154 mln. In a statement on Friday, the hotel group said the move is 'part of the ongoing deployment of its asset-right strategy, with the goal of reducing earnings volatility and sharpening the focus on its core competency, hotel management.'
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
