AC HOTEL NICE SOLD TO EXTENDAM AND ALGONQUIN

French private equity firm Extendam and hotel investor Algonquin have purchased the AC Hotel Nice, on the French Riviera, in an off-market transaction for an undisclosed price. The 143-room hotel, on Nice’s well-known Promenade des Anglais, was built in 1987 and underwent a full refurbishment in 2013.

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