French property group Foncière des Régions has announced a major restructuring of its subsidiaries as part of plans to simplify its organisational structure and make it more attractive for equity investors.
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.
