GE Real Estate said on Thursday that it is has teamed up with BNP Paribas Assurance as a founding partner of Capital France Hotel (CFH), a hotel investment fund which is managed by the French asset management subsidiary of Belgium's Algonquin. The two partners intend to grow CFH's assets under management to EUR 1bn by the end of 2010 through investing in hotels across the eurozone countries, Scandinavia and Central and Eastern Europe.
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