EQ Group, a strategic European hospitality investment and management platform, and Eternam, a leading institutional French asset management company, have acquired the Courtyard by Marriott Paris Arcueil Hotel.

Affiliates of Angelo Gordon and EQ Group announced the completion of the acquisition of five hotels in Paris, from French listed company Gecina, for €181 million (€222,000 per room, on average). These hotels, all operated under Intercontinental Hotels Group (IHG) and Marriott International brands, are located across the French capital.

The hotels comprising 814 rooms are Holiday Inn Paris Notre Dame, Holiday Inn Paris St. Germain des Près, Holiday Inn Paris Versailles Bougival, Courtyard by Marriott Boulogne and Courtyard by Marriott Paris Roissy Charles de Gaulle. EQ Hotels Ltd. will manage four of the assets directly under franchise, while the Courtyard by Marriott Paris Roissy Charles de Gaulle will be managed by Marriott and asset managed by EQ Hotels Ltd.