May 3, 2018 / 6:53 AM / a year ago

BRIEF-Fonciere Des Regions to finance UK hotels takeover deal via capital increase

May 3 (Reuters) - Fonciere Des Regions:

* To finance this transaction, Foncière des Murs, a subsidiary of Foncière des Régions, has in particular planned an increase of its share capital in the amount of c. €300 million, to be subscribed by all its major shareholders

* Foncière des Régions, through its dedicated hotel subsidiary Foncière des Murs, has signed an agreement to buy an iconic portfolio of 14 four and five-star hotels from Starwood Capital for £858M

* Deal was earlier announced by Starwood

* Fonciere des Regions adds that deal marks its first entry into the British market

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