Japanese hotel group Toyoko Inn has teamed up with Irish investor Frank Gormley of Howard Euroscape to expand the chain in Europe. The first phase of the contract is worth EUR 100 mln and involves the acquisition and development of five sites that will be leased back to Toyoko Inn, Irish business newspaper Sunday Business Post said at the weekend.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
