Westbrook buys Paris hotel for EUR 101.5 mln

Westbrook has acquired hotel Concorde Saint Lazare in Paris from SOVAFIM, a land and property development company, for EUR 101.5 mln. Located in the 8th arrondissement of the French capital, the hotel was built in 1889 at the same time as the Saint-Lazare train station. The hotel comprises 15,000 m2, with 300 4-star rooms and 1,400 m[sup]2[/sup] of retail space. The asset have been transferred from RFF, the French railways company, to SOVAFIM at its net book value.

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