VIVERIS ACQUIRES 25-HOTEL FRENCH BUDGET PORTFOLIO

French asset manager and real estate fund Viveris REIM has signed an agreement that will see it acquire a portfolio of 25 budget hotels across France operated by Louvre Hotels Group for an undisclosed sum. The deal, which is expected to close at the end of May 2014, is being made through an OPCI fund. Viveris aims to make further acquisitions for the fund and increase its value to €150 million.

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