MINOR INTERNATIONAL ACQUIRES STAKE IN NH HOTEL GROUP

The Thailand based hotel owner and operator Minor International has signed an agreement to acquire an 8.6% stake in Spain’s NH Hotel Group from the London-based hedge fund, Oceanwood Capital, for €192 million. When it completes next month, this will take Minor’s stake in NH to 9.7%, making them the Spanish operator’s second largest shareholder, after HNA (which is currently trying to sell its 30% stake). Minor also owns Portugal’s Tivoli Hotels & Resorts, which it acquired for €294 million in 2016.

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