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a a net gain of €16 million generated by sale & management-back transactions in the United States, corresponding to the sale of the New York Novotel (see note 2.A.3.2);

a a net gain of €10 million generated by sale & management-back transaction of Sofitel Paris La Défense in France (see note 2.A.3.2);

a a €9 million gain on the sale of Novotel and ibis Beijing Sanuyan in China under a sale and management-back arrangement (see note 2.A.3.2);

a a €1 million loss on the outright sale of Pullman Paris Rive-Gauche in France to Bouygues Immobilier (see note 2.A.3.3);

a a €11 million loss on the sale of Pullman Paris Tour Eiffel in France under a sale and management-back arrangement (see note 2.A.3.2);

a a net loss of €47 million generated by sale transactions in Germany (5 hotels) and in the Netherlands (1 hotel) (see note 2.A.3.3).

At December 31, 2011, the total included:

a a €46 million gain on the outright sale of units in Poland and France essentially (38 hotels) (see note 2.A.3.3);

a a €31 million gain on the sale of Pullman Paris Bercy under a sale and management-back arrangement (see note 2.A.3.2);

a a €25 million gain on the sale of units in France under sale and franchise-back arrangements (36 hotels) (see note 2.A.3.3);

a a €7 million gain on the sale of Sofitel Arc de Triomphe under a sale and management-back arrangement (see note 2.A.3.2);

a a €5 million loss on the sale of units in France under sale and variable lease-back arrangements (7 hotels) (see note 2.A.3.1);

a a €35 million loss corresponding to asset write-offs in the United States that have been reported in profit or loss from discontinued operations in the 2011 adjusted financial statements presented above.

NOTE 15 GAINS AND LOSSES ON MANAGEMENT OF OTHER ASSETS

20 (1) 20 2 (11) 1 (16) (69) (40) 6 (81) (19) * In accordance with IFRS 5, the gains and losses on management of other assets of the US Economy Hotels and Onboard Train Services businesses have been reported in profit or loss from discontinued operations (see note 17).

(in million of euros)

Disposal gains and losses Provision movements Gains and losses on non-recurring transactions

TOTAL

At December 31, 2012, the total mainly included €50 million in costs related to the ibis megabrand project, to overhaul the entire Economy brand line-up under the umbrella of the ibis brand (see note 2.B.7) and €13 million in fees related to acquisitions for the year.

At December 31, 2011, the total mainly included:

a a €23 million gain realized on the sale of Lenôtre (see note 2.A.2.3);

2011*

2012 2011 published

a €3 million in costs related to the ibis megabrand project;

a a €24 million loss arising from the exercise of call options on 56 hotels in the United States that has been reported in profit or loss from discontinued operations in the 2011 adjusted financial statements presented above.