A Benson Elliot hotel joint venture has completed the sale of two Westin hotels in Italy, bringing the proceeds of seven exits from the 8-asset Prime Europe Hotels (PEH) portfolio to €550 mln in 24 months. The joint venture had acquired the portfolio for €420 mln.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
