QuinSpark Investment Partners and an investment fund managed by Morgan Stanley Real Estate Investing (MSREI) have sold the Pullman Paris Tour Eiffel Hotel to a consortium of investors managed by Batipart Europe.
QuinSpark will continue as the operating partner for the new owners.
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The hotel, which has 435 rooms and is managed by Accor under the Pullman brand, is located near the Eiffel Tower.
MSREI and QuinSpark originally acquired the property in March 2024 as part of a strategy focused on investments in hotels located in major European cities.
During their period of ownership, the companies executed a programme to increase the value of the hotel through operational changes, infrastructure improvements, and energy consumption reductions.
The companies noted that these steps have led to strong operating results for the property and have strengthened its position in the Parisian hospitality sector.
MSREI France head Charles du Breuil said: “This successful investment in the Pullman Paris Tour Eiffel hotel reinforces our conviction in the long-term growth prospects of Europe’s gateway city hotel markets.
“It also demonstrates how combining the selective acquisition of high-quality assets with active asset management initiatives can drive investment performance and create value for our investors.”
QuinSpark asset management managing director Jerome Cherpin said: “QuinSpark’s teams are delighted with the quality of the partnership, which enabled QuinSpark and MSREI to successfully implement the action plan defined at the time of the acquisition. Moreover, the teams are enthusiastically preparing to work with Batipart Europe to deliver a particularly ambitious renovation programme.”
MSREI operates under Morgan Stanley Investment Management, which manages or supervises $1.9tn in assets.
