Eurazeo: partnership with PSP Investments in the hotel industry

(CercleFinance.com) – Eurazeo and Investissements PSP, fund manager for pension funds in Canada, announce a strategic partnership which will initially focus on investments in hotels in Europe.

The partners plan to invest, in equal parts in the joint venture, initially up to 300 million euros of equity in assets or hotel portfolios offering potential for value creation.

Eurazeo and PSP Investments have already signed the first acquisition, FST Hotels, a Spanish hotel group that owns and operates 800 rooms. The completion of the operation remains subject to the competition authorities and should take place by the end of March.

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