US investment bank Morgan Stanley has sold the five-star Hilton hotel in Barcelona to Westmont Hospitality for around EUR 40 mln. The property was bought by Morgan Stanley in July 2007 together with seven other hotels for EUR 556 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.
