• FDM ups investment

Fonciere des Murs has established an investment partnership to invest EUR300m in hotel property. It has agreed two initial deals in Germany and France, totalling EUR104m.
In Germany, FDM Management will buy nine hotels for conversion to Louvre’s Prmiere Classe brand. In France it will buy the Pullman being built next to Roissy airport, due to open in late 2015.
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