Blackstone Real Estate Partners Europe has announced that it has agreed to acquire Spanish hospitality company Hotel Investment Partners (HI Partners) for 630.7 million from Banco Sabadell.
The HI Partners portfolio comprises 14, mainly coastal, hotels (more than 3,700 rooms) across Spains most popular tourism destinations.
We are delighted to make another substantial investment in Spain and to have the opportunity to partner with the HI Partners management team, working with them to continue to execute their strategy of growing HI Partners into Spains premier hospitality business," said Anthony Myers, Head of Real Estate Europe at Blackstone.
www.hvs.com
