trending Market Intelligence /marketintelligence/en/news-insights/trending/bdURyIPl7o1-oE3nRte_hw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Blackstone strikes deal to acquire Sabadell's hotel investment biz for €631M

Commercial Real Estate: 2020 Review

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts


Blackstone strikes deal to acquire Sabadell's hotel investment biz for €631M

Blackstone Group LP agreed to acquire Banco de Sabadell SA's Spanish hospitality business for €630.7 million.

The private-equity giant said in a release that it is acquiring Hotel Investment Partners, or HI Partners, through Blackstone Real Estate Partners Europe V. HI Partners' portfolio includes more than 3,700 rooms across 14 primarily coastal hotels in tourism sites across Spain.

In a separate release, Banco de Sabadell said the consideration may be subject to nonmaterial adjustments and is conditional upon Spain's National Markets and Competition Commission.

HI Partners, which was valued at about €1 billion, received bids from Blackstone and Brookfield Asset Management, according to an earlier report.