Morgan Stanley Real Estate Funds (MSREF) has sold a portfolio of European hotels to Lebanese businessman Toufic Aboukhater for around EUR 450 mln, well-informed market sources confirmed to PropertyEU.
Morgan Stanley Real Estate Funds (MSREF) has sold a portfolio of European hotels to Lebanese businessman Toufic Aboukhater for around EUR 450 mln, well-informed market sources confirmed to PropertyEU.
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.