MIG Leisure, a subsidiary of Greece's Marfin Investment Group (MIG), has completed the purchase of the Hilton Cyprus hotel in Nicosia for EUR 59 mln. The property has been sold by Cyprus' Tourism and Development Public Company. Hilton Cyprus, the only five-star hotel in Nicosia, has about 300 rooms.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
