French hotel group Accor has confirmed the sale of the Novotel Vermar hotel in Portugal to local hospitality company Axis. An Accor spokesperson said that the sale agreement was signed on January 29. The companies agreed not to disclose the transaction price.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
