Algonquin SA Acquires Eighth Hotel In 18 Months

PARIS–Algonquin SA has purchased the 150-room Courtyard by Marriott Saint Denis Hotel here, its eighth hotel acquisition in France in a year-and-a-half.

The private equity investor acquired the property from an affiliate of Marriott International for an undisclosed price. Marriott will continue to manage the hotel.

Algonquin’s financial partner in the deal was Very SAS. Algonquin now has 24 hotels in its portfolio.