HOST SELLS EUROPEAN PORTFOLIO TO WALTON STREET/ BENSON ELLIOTT/ ALGONQUIN JOINT VENTURE

In partnership with Algonquin SA, a joint venture between UK-based Benson Elliott and US-based Walton Street Capital has acquired a portfolio of eight hotels (2,308 rooms) across seven major European cities from Host Hotels & Resorts' European Joint Venture for €420 million. The hotels included in the deal are the 396-room Pullman Paris Centre –  Bercy in France; the 185-room Westin Europa & Regina Venice, the 227-room Westin Palace Milan and the 640-room Sheraton Rome in Italy; the 350-room Sheraton Warsaw in Poland; the 192-room Lé Meridien Grand Hotel Nuremberg in Germany; and the 57-unit Marriott Executive Apartments and the 262-room Renaissance Hotel in Brussels, Belgium. HVS advised the lender.

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