MSREI and QuinSpark sell Pullman Paris Tour Eiffel Hotel [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
QuinSpark will continue as the operating partner for the new owners. The hotel, which has 435 rooms and is managed by Accor under the Pullman brand, is located near the Eiffel Tower. MSREI and QuinSpark originally acquired the property in March 2024 as part of a strategy focused on investments in hotels located in major European cities. During their period of ownership, the companies executed a programme to increase the value of the hotel through operational changes, infrastructure improvements, and energy consumption reductions. The companies noted that these steps have led to strong operating results for the property and have strengthened its position in the Parisian hospitality sector. MSREI France head Charles du Breuil said: “This successful investment in the Pullman Paris Tour Eiffel hotel reinforces our conviction in the long-term growth prospects of Europe's gateway city hotel markets. “It also demonstrates how combining the selective acquisition of high-quality a
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