The Chinese group is looking for an investor to buy its current stake in NH Hotel Group in which the company is the majority shareholder with 29.5%.
HNA, NH Hotel Group's majority shareholder (29.5%), announced that negotiations were underway to find an investor to buy its current stake in the group. It informed the CNMV (Comisión Nacional del Mercado de Valores).
Rumours about potential buyers have been heard, including Starwood and Blackstone Group.
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The Chinese group stated that it "plans to organize a formal process to channel these indications of interest and to review its strategic options regarding its stake in NH" before adding "the review process is at an early stage and there is therefore no certainty as to the level of interest of potential investors or whether a formal proposal will be satisfactory to HNA".
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