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Joint Venture book into pan-European hotel portfolio for €420 million

A joint venture between private equity real estate fund managers, UK-based Benson Elliot and US-based Walton Street Capital, L.L.C. in partnership with Algonquin SA, has acquired a pan-European hotel portfolio comprising of eight prime hotels in seven major cities across five countries, the Prime Europe Hotels for approximately €420 million.…[…]