French hotel group Accor has divested five hotel properties with over 1,100 rooms in four European countries to Invesco Real Estate for a total of EUR 154 mln. In a statement on Friday, the hotel group said the move is 'part of the ongoing deployment of its asset-right strategy, with the goal of reducing earnings volatility and sharpening the focus on its core competency, hotel management.'
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
