HVS HODGES WARD ELLIOTT ACTS FOR MARRIOTT ON THE SALE OF PARIS HOTEL

HVS Hodges Ward Elliott, on behalf of Marriott International, has successfully arranged the sale of the Courtyard by Marriott Paris Arcueil on the outskirts of Paris, France, for approximately €24.25 million (€142,600 per room). The 170-room hotel opened in 2011 as part of a mixed-use project in the Port d'Arcueil district, 15 minutes by train from Paris city centre. Marriott will continue to run the property under a long-term management agreement.

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