Saco, the serviced apartment business acquired by Brookfield last month for £430 mln (€485 mln), has completed a series of new acquisitions that will add almost 1,000 new units to its Locke lifestyle aparthotel concept.
Opportunistic investors KKR and Baupost confirmed the acquisition of a portfolio of 33 Marriott International hotels across the UK from ADIA, while listed property group Covivio completed the purchase of 43 hotel properties in France, Belgium and Germany, in a €800 mln swap deal with AccorInvest.
