Starwood Sells 4 French Hotels To Qatar Holding Unit

Law360, New York (February 4, 2013, 4:29 PM EST) -- Connecticut-based real estate private equity firm Starwood Capital Group LLC has sold its portfolio of four luxury hotels in France to a fund managed by Qatar Holding LLC for a reported €800 million ($1.08 billion), Starwood announced Friday.

The firm said that its Groupe Du Louvre affiliate sold the portfolio to Constellation Hotels Holdings Ltd., a subsidiary of the Qatar state-owned private equity fund. The hotels include the Hotel Concorde La Fayette and Hotel du Louvre in Paris, the Hotel Martinez in Cannes, and the Palais...
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