Unlisted US real estate firm Starwood Capital and US bank Lehman Brothers said on Thursday that their joint venture, Starman UK Services, has instructed Christie + Co to look for buyers for the Meridien Nice Hotel. They said the hotel will be sold complete with a long-term management contract with Starwood Hotels & Resorts under the Le Meridien brand.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
