Chicago-based private real estate investor Walton Street Capital has purchased a 50% interest in the joint venture that owns the Morgan Hotel group's two London hotels - Sanderson and St Martin's Lane. The stake was purchased from MHG's previous partner, Burford Hotels, for $52 mln (EUR 40 mln).
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
