Europe Hotel Transactions Bulletin - Week Ending 25 May 2018 (May 26, 2018)

Blackstone exits Hilton after 11 years 

Blackstone, the New York-based private equity firm, has agreed to sell its 15.8 million shares of Hilton Worldwide after 11 years of ownership, for an estimated $1.3 billion.  Blackstone acquired Hilton in a highly leveraged transaction in 2007 for $26 billion, and has since tripled its investment in what was one of the most profitable private equity transactions ever.  Hilton will buy back 1.25 million shares. Blackstone has been selling its stake in Hilton gradually in recent years, including the public re-listing of the company in 2013 and the 2016 sale of a 25% stake to the China’s HNA Group, which is now also seeking to sell its stake in Hilton as well as its stake in NH Hotels.

Minor International acquires stakes in NH Hotel Group 

The Thailand based hotel owner and operator Minor International has signed an agreement to acquire an 8.6% stake in Spain’s NH Hotel Group from the London-based hedge fund, Oceanwood Capital, for €192 million. When it completes next month, this will take Minor’s stake in NH to 9.7%, making them the Spanish operator’s second largest shareholder, after HNA (which is currently trying to sell its 30% stake). Minor also owns Portugal’s Tivoli Hotels & Resorts, which it acquired for €294 million in 2016.

Fattal Hotels sold the Leonardo Royal Hotel in Munich 

Fattal Hotels, based in Tel-Aviv, has sold the 424-room  Leonardo Royal Hotel Munich for €157 million (€370,000 per key) via a sale-and-lease-back.  The hotel, which is located next to Munich’s Olympic Park, will continue to be managed by Fattal under a 30-year lease agreement, subject to an annual rent equal to the higher of €7.2 million (4.5% yield) or 32% of the hotel’s total revenue.


For the latest in the hospitality industry, please visit: You are also welcome to contact the following personnel.
Russell Kett, Chairman – HVS London [email protected]
Charles Human, CEO – HVS London/HVS Hodges Ward Elliott [email protected]
Chris Martin, Senior Director – HVS Hodges Ward Elliott [email protected]
Arlett Hoff, Director – HVS London [email protected]
Sophie Perret, Director – HVS London [email protected]
Simon Tucker-Brown, Managing Director – HVS Executive Search EMEA [email protected]
Demetris Spanos, Managing Director – HVS Athens [email protected]
Ezio Poinelli, Director – HVS Milan [email protected]


Disclaimer: Information provided above has been gathered from various market sources. HVS has not independently verified the accuracy of the information provided. Interested parties should not rely on the information as statement of facts and are advised to make their own independent checks to verify the information provided. For further information, please feel free to contact HVS London.

Superior Results through Unrivaled Hospitality Intelligence. Everywhere.

Copyrights © 2018 All Rights Reserved by HVS
Privacy Policy

Sent By: Tanya Lees
HVS | Office Manager
7-10 Chandos Street, Cavendish Square | London, W1G 9DQ