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France's Fonciere des Regions enters UK market in £830m hotels takeover deal

Fonciere des Regions (FdR) made its first foray into the UK market in a deal to buy 14 hotels in the upscale segment from Starwood Capital for £830m ($1.2 billion). The transaction will also see InterContinental Hotels Groupsign long-term leases for 13 of those 14 hotels. Terms of the…

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