NH Hotel Group signed an agreement with Intesa Sanpaolo under which it will acquire the latter's 44.5% stake in NH Italia in exchange for shares.
NH Hoteles operates close to 400 hotels with almost 60,000 rooms in 26 countries across Europe, the Americas and Africa. NH Hoteles currently has 20 new hotels under construction which will add over 2,500 new rooms to its portfolio. NH Hoteles is traded on the Madrid stock exchange.
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