Barcelo Will Insist on Doing Other Deals After NH Hotels Rejection
Photo Credit: Raul Gonzalez, CEO of Barcelo Hotel Group, said the company is interesting in pursuing mergers and acquisitions. Leading Brands of Spain Forum
Skift Take
Medium-sized hotel companies know they need scale to compete. With NH Hotels open to consolidation and Barcelo still keen on doing deals, it doesn’t look like we’ve heard the end of this story.
Spain-based Barceló Group remains in the market for buying or merging with other hotel companies despite NH Hotels turning down a deal.
Earlier this year, NH’s board rejected the merger approach, saying that it didn’t offer shareholder value, but recent comments suggest it is not averse to doing some kind of deal — no
