Covivio, the pan-European investment firm born out of the fusion between Paris-listed Foncière des Régions and Italy's Beni Stabili, has confirmed the acquisition of a pan-European luxury hotel portfolio for €620 mln.
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.
