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Mazabi and Panghea Capital Buy 25% of the Intercontinental New York Times Square
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Through a joint venture they acquire a 25% stake in the InterContinental New York Times Square hotel.
Mazabi Heritage Management has taken a further step in its international strategy with its entry into the New York hotel market through an investment in the InterContinental New York Times Square. The operation has been articulated through a joint venture with Panghea Capital Partners, with which it has acquired 25% of the asset, it publishes Expansion. The rest of the capital is shared between the US partners Gencom, with another 25%, and Highg…
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