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CGH residences sold to Pierre et Vacances apparently?

 Poster: A snowHead
Poster: A snowHead
Have just been told this evening that CGH Residences management company (was owned by MGM) has been sold by the investment fund that owns it to Pierre et Vacances this afternoon (21/09/2020)

edited to say "apparently" nothing official yet

Last edited by Poster: A snowHead on Tue 22-09-20 22:37; edited 1 time in total
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
I just heard that from a syndicate manager so I think it is true. So that's why CGH has been trying to reduce the rent it pays, to increase its apparent profitablity. What are the implications? Are our leases still valid and enforceable or will we have to have new leases with P & V? Will this provide an opportunity to terminate the lease?
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