GE Real Estate Europe said on Thursday it had agreed to be a founding limited partner of the Capital France Hotel (CFH) fund, which is managed by co-investor Algonquin Asset Management France and targets hotel investments across the Eurozone, Scandinavia and Central and Eastern Europe.
The fund currently owns and manages a portfolio of nine three and four-star hotels operated under Rezidor brands Radisson and Park Inn. In addition, GE Real Estate has brought three French assets, operated by Accor and Marriott, into the Fund, in exchange for CFH shares and cash.
