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Report: Blackstone, Brookfield eyeing Banco de Sabadell's hotel investment biz

Blackstone Group LP and Brookfield Asset Management submitted bids for Banco de Sabadell SA's 99%-owned hotel business, which is valued at approximately €1 billion, PropertyEU reported, citing Spanish newspaper El Confidencial.

According to the report, the company is studying the bids and may scrap its proposed listing of HI Partners in favor of a direct sale, for which it hired investment bank Lazard.