International hotel manager Accor has announced the acquisition of a 90% stake in a hotel portfolio comprising 52 Dorint hotels in Germany. The transaction price comes to EUR 127 mln and brings the total number of hotels operated by Accor in the country to 331. The company previously owned a 34% stake in Dorint, as a result of a partnership started in 2002.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
