PARIS Accor SA and its financial partners are in talks to buy the Nikko hotel here from Japan Airlines Co., according to recent reports.
The planned purchase price has not been confirmed, but according to reports by Les Echos, may be about $168,000 per room.
The deal is indicative of the current climate in Europe, where some of the largest hotel companies are vying for prime locations. (2/28/01)
Source: Bloomberg