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