Angelo Gordon and EQ acquire five hotels in Paris

Affiliates of Angelo Gordon and EQ Hotels have completed the acquisition of five hotels in Paris from French listed company, Gecina, for €181 million ($199 million).

The hotels, all operated under Intercontinental Hotels Group (IHG) and Marriott International brands, are located across the French capital.

The hotels, comprising 814 rooms, are Holiday Inn Paris Notre Dame, Holiday Inn Paris St. Germain des Près, Holiday Inn Paris Versailles Bougival, Courtyard by Marriott Boulogne and Courtyard by Marriott Paris Roissy Charles de Gaulle.

EQ Hotels will manage four of the assets directly under franchise, while the Courtyard by Marriott Paris Roissy Charles de Gaulle will be managed by Marriott International and asset managed by EQ Hotels.