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.
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.
- 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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