Date: October 2017
Location: 14 Hotels across Spain under brands such as Hilton, Melia and Ritz-Carlton.
Name: HI (Hotel Investment) Partners
No. of Keys: 3,700
Seller: Banco Sabadell, who has been looking for divestment opportunities for Hotel Investment Partners, which is run by Alejandro Puértolas, potentially through a public listing. Puértolas, founding partner and CE of HI Partners said, “Blackstone’s investment will allow us to maximise the value of our existing hotel portfolio for our investors and to focus on HI Partners’ continued growth across Spain.”
Buyer: Blackstone’s European opportunity fund – Blackstone Real Estate Partners Europe V. This investment follows less than three months after Blackstone’s fund bought up stock in a €30-billion real estate portfolio originally owned by Banco Popular.
Anthony Myers is the Head of Real Estate Europe at Blackstone,
Price per Key: €170,459
THPT says: Hotel Investment Partners is a strong hotel management company with some great properties and brands already under their belt…this will allow them to grow…maybe beyond just Spain?
First Seen: Hotel Management