Articles tagged “barcelo”

Spain’s Barcelo Eyes HNA’s Stake in NH Hotels

Spain’s Barcelo Eyes HNA’s Stake in NH Hotels

Vinicy Chan and Manuel Baigorri, Bloomberg

Despite having an offer turned down earlier this year, Barcelo still appears keen on NH Hotels. Buying a minority stake would likely be the first step to consolidation within the Spanish hotel sector.

2 years ago

Minor International Pays $225 Million to Boost Stake in Spain’s NH Hotels

Minor International Pays $225 Million to Boost Stake in Spain’s NH Hotels

Patrick Whyte, Skift

With Oceanwood (mostly) checking out and HNA looking to sell, it's all change at NH Hotels. Maybe this will kick off the consolidation in the hotel market that so many have predicted.

2 years ago

Barcelo Will Insist on Doing Other Deals After NH Hotels Rejection

Barcelo Will Insist on Doing Other Deals After NH Hotels Rejection

Patrick Whyte, Skift

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.

2 years ago

HNA Group Enlists Bankers to Consider Sale of Its NH Hotels Stake

HNA Group Enlists Bankers to Consider Sale of Its NH Hotels Stake

Patrick Whyte, Skift

HNA Group's decision to at least consider selling its stake in NH Hotels shouldn't come as a surprise. It will be interesting to see whether one of the big hotel companies emerges as a potential buyer.

2 years ago

NH Hotels Turns Down Barceló Merger Offer But Is Open to Others

NH Hotels Turns Down Barceló Merger Offer But Is Open to Others

Patrick Whyte, Skift

NH Hotels may have turned down this approach, but it has not closed the door on others. And with minority shareholder HNA Group looking to raise cash, it wouldn't be a surprise to see another offer sooner rather than later.

2 years ago