US private equity firm Blackstone is reportedly buying a portfolio of 46 hotels across Europe for EUR 620 mln. According to a report in the Italian financial newspaper Il Sole 24 Ore, the US company acquired the hotels in a bidding contest organised by Goldman Sachs' Whitehall funds and the American Westmont Hospitality Group. Other parties who participated in the bid were NH Hotels jointly with GE Real Estate, Park Plaza Hotels & Resort, the French Accor jointly with Batipart (a unit of Fonciere des Regions) and the Axa Group, the paper said without quoting sources. A Blackstone spokesperson could not immediately confirm the news to PropertyEU.
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