Luxembourg-domiciled property fund RCapital, headed by Umberto Ronsisvalle, has acquired the Holiday Inn Paris Opera hotel in the heart of the French capital for EUR 30 mln, Italian newspaper IlSOle24Ore has reported.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
