LFPI PURCHASES ALLIANCE HOTEL GROUP'S 12-HOTEL PORTFOLIO IN FRANCE

Asset management group LFPI has acquired Alliance Hotel Group from private equity firm Lone Star for an undisclosed sum. Alliance consists of 12 hotels (1,913 rooms) in Greater Paris and other French regional cities (operating under the Mercure, Crowne Plaza and Best Western brands). The sale brings LFPI's portfolio of owned and/or operated hotels across France and Germany to 74 (64 in France and ten in Germany).

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