Apollo acquires Ivanhoé Cambridge's European hotel portfolio
Apollo European Principal Finance Fund II, a fund affiliated with U.S. private equity firm Apollo Global Management, has purchased a portfolio of 18 European hotels from Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec. The financial details of the transaction were not published. The acquired portfolio includes hotels located in France, Germany, Spain and other European countries operated under the IHG brands of Crowne Plaza, Holiday Inn, and Holiday Inn Express.
1 May 2014•3 mins read
