Private equity real estate firm Benson Elliot Capital Management and Générale Continentale Investissements (GCI) have announced the sale of Olympique and Opéra Italiens, after successfully completing value-add business plans on both assets. The properties were part of the two partners' Opéra portfolio.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
