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Sofitel sells 6 hotels
Sofitel hotels has been sold for $370 million. Accor sold the six hotels to a joint venture comprised of GEM Realty Capital and Whitehall Street Global Real Estate Limited Partnership 2005, but will maintain a 25% stake. The hotels included in the deal are located in Chicago, Los Angeles, Miami, San Francisco, Minneapolis and Washington, D.C. Â Accor operates more than 4,000 hotels in 92 countries, including nearly 200 under the Sofitel brand.
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