Proprium, the real estate private equity firm spun out of Morgan Stanley, has sold its 35% stake in Motel One to majority shareholder One Hotels & Resorts for a purchase price of €1.25 bn.
Proprium, the real estate private equity firm spun out of Morgan Stanley, has sold its 35% stake in Motel One to majority shareholder One Hotels & Resorts for a purchase price of €1.25 bn.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.