Time-Hôtels, part of La Financiere Patrimoniale d'Investissement group, has completed the acquisition of Compagnie Générale Hôtelière, the owner of a portfolio of nine hotels in France, French business newspaper Business Immo has reported. The financial details of the transaction were not disclosed. The portfolio, which was sold by Sopalia Compagnie Financière Holding, comprises around 600 hotel rooms located in the Ile-de-France region and its surroundings. The hotels are operated under the Campanile, Première Classe and Kyriad brands.
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