PARIS—LFPI has acquired Alliance Hotel Group from Lone Star.
The group includes 12 hotels (including Mercure, Crowne Plaza and Best Western) representing 1,913 rooms located in Greater Paris, as well as key regional cities.
Following this acquisition, LFPI Group owns and/or operates 74 hotels (64 in France and 10 in Germany), representing more than 6,000 rooms.
Lone Star was assisted in this sale by Crédit Agricole Corporate Investment Banking and BNP Paribas Real Estate Hotels as sales advisors.
The purchase price was not disclosed.