| The sovereign wealth fund of Oman is set to buy a portfolio of prime Hilton hotels located in Europe’s key cities in a deal worth €380m (£275m). The Middle Eastern fund is close to agreeing a deal to acquire the properties, dubbed the Napoleon portfolio, from a joint venture between US hedge fund Baupost and Westmont Hospitality Group.
All except one of the eight properties are located in mainland Europe and include Hilton-branded hotels in Dresden, Düsseldorf and Luxembourg, as well as the Hilton at Charles de Gaulle airport in Paris. The rest are located in Zurich, Strasbourg and Barcelona, as well as the Los Zocos Club resort in the Canary Islands...............................................Full Article: Source
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