Beni Stabili Hotel, a subsidiary of French property group Fonciere des Murs, said it has committed to the acquisition of six hotels in a transaction worth EUR 128 mln. The hotels - one in Rome, one in Turin and two each in Milan and Florence - are currently managed by the Metha group and operated under the Holiday Inn banner. The acquisition will take place over an 18-month period and be carried out through a real estate investment fund recently authorised by the Bank of Italy.
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