Covivio Hotels SCA (FR:COVH) has released an update.
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Covivio Hotels SCA has entered into a strategic agreement with AccorInvest to restructure their joint hotel assets, aiming for a more integrated ownership model. The deal involves an exchange of assets worth €208 million and €266 million respectively, enhancing Covivio’s direct influence on asset performance and growth potential. This move signifies Covivio’s shift towards a diversified portfolio, including complete ownership of certain hotels, and initiates a new phase for their joint ventures.
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