ALBION, MAURITIUS—Net-lease REIT W. P. Carey Inc.’s  CPA:18 – Global, one of its managed non-traded REITs, has acquired a 266-room resort hotel here, La Plantation d’Albion Club Med, for approximately $72 million.

The facility is triple net-leased to Holiday Village Management Services Ltd, a subsidiary of Club Mediterranee SA, for an initial term of 15 years.  The lease is guaranteed by Club Med.

La Plantation d’Albion, Mauritius is comprised of 266 rooms and suites, two gourmet restaurants, three ocean-view bars, two beaches and a health club, as well as three large swimming pools, a mini golf course and tennis courts.  The resort is categorized as a 5-Trident resort, which is the highest level of quality offered within Club Med resorts worldwide.