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).
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.
