BLACKSTONE SELLS AMSTERDAM DOUBLETREE TO ANBANG

US private equity firm Blackstone has sold the DoubleTree by Hilton Amsterdam, in the Netherlands, to Beijing-based Anbang Group for €350 million (€628,400 per room). The 557-room hotel was the last property to be sold from Blackstone’s eight-unit Mint Hotel portfolio (which it acquired in 2011 from Lloyds Banking Group). This latest deal between the pair brings the amount of overseas property purchased from Blackstone by Anbang to US$9 billion (€8 billion ) in just under three years.

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