Constance Hotels Services Limited (MUSE:CHSL.I0000) entered into agreement to acquire 40% stake in Lagon de Rêve Ltée for MUR 180 million on July 5, 2017. The transactions will be financed from the Constance's own funds. Lagon de Rêve Ltée hotel will operate under a new lifestyle brand, C Hotels. The transaction is subject to receiving all permits and approvals from the relevant authorities. Constance Hotels Services Limited (MUSE:CHSL.I0000) completed the acquisition of 40% stake in Lagon de Rêve Ltée on August 18, 2017.