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Blackstone said planning €980M European hotels sale

American news sources report that the Blackstone Group plans to sell at least three hotel properties in European markets, totaling close to 1,500 rooms.

Located in major European capitals, the hotels are all operated under Hilton Worldwide's DoubleTree brand. The properties Blackstone is reportedly planning to sale are the DoubleTree by Hilton London - Tower of London (482 rooms), DoubleTree by Hilton Dublin Burlington Road (500 rooms) and DoubleTree by Hilton Amsterdam Centraal Station (557 rooms). Their combined value is estimated at €980M euros, a significant amount due to their large capacity and central location in their respective destinations.

Blackstone and Hilton Worldwide declined to comment about the likely sale of these properties. The Blackstone Group has been the biggest shareholder in the American hotel group since 2007, and is currently owning about 46% of its shares. The corporation recently hit the headlines after purchasing Strategic Hotels & Resorts for $6 billion, before reselling it to Chinese insurance company Anbang two months ago.

Also Read:

  • Takeover of Strategic Hotels & Resorts by Blackstone confirmed
  • Hilton Worldwide sells the Waldorf Astoria New York
  • Versailles' Trianon Palace bought from Blackstone by French investors

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