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Blackstone completes €631M buy of Sabadell's Spanish hotel biz

Blackstone Group LP completed the acquisition of Banco de Sabadell SA's Spanish hospitality business for roughly €630.7 million.

Halley Bidco SLU, an entity controlled by funds advised by The Blackstone Group International Partners LLP, now owns the hotel management platform of Banco de Sabadell subsidiary Hotel Investment Partners SL.

The deal involves more than 3,700 rooms across 14 primarily coastal Spanish hotels.