US investment manager Davidson Kempner Capital Management has taken control of a €600-plus mln CMBS loan issued in 2007 to finance a large property portfolio managed by troubled Dutch real estate firm Breevast.
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.
