Minor’s NH Swoops Up Portfolio Paving Way for More Anantara Hotels in Europe
Photo Credit: Lobby of The NY Palace Budapest, one of the emblematic hotels in the portfolio. Covivio
Skift Take
Getting not one but eight fancy hotels in prime locations in Europe in one fell swoop is a rare deal, and Thailand’s Minor International is off to a good start in 2020 with this coup by its subsidiary NH Hotel Group.
Thailand's Minor International's subsidiary NH Hotel Group landed a deal to operate eight luxury properties across Europe that will be rebranded as Anantara and NH Collection hotels.
European real estate investor Covivio, through its subsidiary Covivio Hotels, is acquiring the hotels for $754 million (£573 million), including capital expenditure, from Varde Partners, a global alternative investment firm. Covivio issued a statement about the acquisition on Monday. NH announced its deal to operate the hotels on Tuesday.
Formerly the prestigious Boscolo portfolio, the eight hotels represent a total of
