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Sofitel sells 6 hotels

SofitelA portfolio of six 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.   Accor operates more than 4,000 hotels in 92 countries, including nearly 200 under the Sofitel brand.

Paul Johnson

Paul Johnson is Editor of A Luxury Travel Blog and has worked in the travel industry for more than 30 years. He is Winner of the Innovations in Travel ‘Best Travel Influencer’ Award from WIRED magazine. In addition to other awards, the blog has also been voted “one of the world’s best travel blogs” and “best for luxury” by The Daily Telegraph.

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