Blackstone looks to acquire Spanish hotel group Hispania, lines up $2.3bn offer

By Jonathan Dyble
According to Bloomberg, Blackstone’s investment subsidiary Alzette Investment is looking to acquire the entirety of Spanish hotels company Hispania in...

According to Bloomberg, Blackstone’s investment subsidiary Alzette Investment is looking to acquire the entirety of Spanish hotels company Hispania in a deal that would be worth $2.3bn.

Hispania, back by George Soros, has reportedly been considering a number of options in regard to the sale of its assets. These have included bids from Tristan Capital Partners, and allegedly, a 100% acquisition bid from Blackstone’s Alzette Investment.

See also:

Currently, Alzette has reportedly agreed to pay €17.54 (USD$21.53) per share for a 16.65% stake in Hispania from the Soros owned QP Capital Holdings and QPB Holdings funds that would total $387.21mn.

However, Bloomberg has revealed that it will now look to build on this offer and attempt to wholly acquire Hispania in a deal that would total over $2.3bn, should they continue to pay the same price per share.

This latest offer continues Blackstone’s trend of investing heavily into the Spanish market of late, having both acquire HI Partner and bought a majority stake in Banco Popular’s real estate portfolio late last year.

Share
Share

Featured Articles

US Bird flu Turns Spotlight on Milk Pasteurisation

As bird flu sees sales of raw milk spike, we look at the work of Tetra Pak, a giant in the world of pasteurisation.

Nestlé 'Meeting Sustainability Targets on Nescafé Coffee'

Nestlé is meeting targets on sustainably-sourced Nescafé coffee, & has donated 21mn plants as part of global ESG initiatives, a company report claims

Coffee Prices Soar as Extreme Weather Hits Brazil & Vietnam

Global coffee supplies hit by high rainfall in Brazil and a heatwave in Vietnam, and Smart Cube analyst Kanica Goel says situation unlikely to improve soon

Guinness & Carlsberg Back Drought Resistant Grain for Beer

Drink

Tyson Foods Shares Plummet in Face of Costs & Inflation

Food

Nestlé ESG Programme 'Boosting Cocoa Farmers' Income'

Sustainability