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French ANF to sell ¤485m hotels to La Française, FdM

21 June 2012, 10:16 PM

French REIT/SIIC ANF Immobilier is aiming to sell the bulk of its B&B French budget hotel portfolio to fund manager La Française REM and hotel, healthcare and retail REIT Fonciere des Murs. The groups are starting exclusive negotiations on a deal involving 160 hotels.