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Leafman Capital Purchases Josee Group
Leafman Capital, a leading Canadian investment firm, announced today that it has completed its long-anticipated acquisition of Josee Group, a Paris-based hotel company. The deal has an estimated value of 350 million euros, according to Leafman Capital executives.
The sale of the French-owned Josee Group to a Canadian firm has caused a great deal of controversy in France, the Josee Group owns 26 historic hotels in and around Paris, including the famous Hotel Jean-Claude, which had hosted numerous prominent nineteenth-century French authors and political figures. Joseph Leafman, owner of Leafman Capital, announced that his firm would strive to retain the important historic heritage of the Hotel Jean-Claude but would make necessary renovations to modernize the heating and plumbing systems. In addition to the Hotel Jean-Claude, the Josee Group owns smaller hotels across France, including the Parisian Gateway and the Hotel Fanon, both considered among the finest examples of French architecture in the neoclassic style.
Mr. Leafman said that his firm purchased the Josee Group as a means of diversifying its portfolio. He also plans to make additional purchase in Europe, which may include luxury hotels in Belgium, Germany, and Switzerland. Other assets recently purchased by Leafman Capital include high-rise apartment and office buildings in Thailand and the Philippines.