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Cannes Carlton hotel sold to Qatar investor for ¤450m

15 December 2011, 09:26 PM

The prestigious Carlton hotel on the Croisette boulevard in the French Riviera town of Cannes, a regular meeting point at the annual MIPIM property trade fair in March, has been sold by for ¤450m to Qatar-based investor Ghanim Bin Saad Al Saad.