Covivio unit to buy luxury hotels portfolio from Varde - sources
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MILAN (Reuters) - Real estate group Covivio Hotels is set to buy a portfolio of European luxury hotels from private equity group Varde, two sources close to the matter said on Wednesday.The deal, which should be sealed by the year end, was worth about 500 million to 600 million euros, one of the sources said.It follows a wave of deals in the European luxury hotels sector, including the purchase of Germany's Steigenberger hotels by China's Huazhu Group .Varde bought a portfolio of nine hotels..