French real estate investment company Sofidy has acquired the three-star, 23-room Hôtel Korner Opéra and the three-star, 35-room Hôtel Korner Eiffel in Paris from a private investor through a sale-and-leaseback transaction, for an amount reported to be around €10 million (€172,400 per room). The Korner Opéra is situated in Paris’ 2nd district between the Louvre Museum and the Palais Garnier and was renovated in 2018. The Korner Eiffel is located in the 15th district about 1.5 kms south of the Eiffel Tower and was renovated in 2015. Both properties are leased back to French operator Korner Hotels on a 12-year term.
