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MBI Seeks to Buy French Hotels from Starwood Capital

(October 2008) posted on Mon Oct 27, 2008 EDT

Saudi-owned MBI International is planning to purchase 12 hotels in France from Starwood Capital in deal that could be worth $2 billion, Saudi newspaper Asharq al-Awsat reports. The transaction is expected to include Le Crillon Hotel in Paris, Concorde Lafayette and Concorde Montparnasse.

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