PARIS Nov 13 French real estate investment
trust Fonciere des Murs said on Wednesday that it has
acquired 165 B&B-owned hotels in France for 508 million euros
($646 million) in partnership with Credit Agricole Assurances
and Assurances du Credit Mutuel.
Including transfer duty, the total amount of the deal, which
will be carried out through a property investment fund, will be
529 million Euros, a spokesman told Reuters.
B&B, an operator of budget hotels in Europe, will continue
to run and manage the hotels, the company said in a statement.
($1 = 0.7867 euros)
(Reporting by Aleksandre Boksenbaum Granier; Writing by Elena
Berton; Editing by Hans-Juergen Peters)