Keyword: Minor International
At the end of June, NH Hotel Group was operating 369 hotels and 57,356 rooms worldwide.
The two companies have reached three agreements for a range of properties.
The death of Wang Jian, co-founder and co-chairman of China’s HNA Group, puts the company's divestment plans in question.
Minor International is the apparent winner in the NH Hotels sweepstake, besting suitors that included Barceló Hotel Group.
AMResorts' all-inclusive Amigo brand is expected to bring a value option to Spain’s resort offering, where rising prices have seen customers look for bargains elsewhere.
Elliott Management and Apollo Global Management have been named as potential bidders for HNA Group's NH Hotel Group stake ahead of this week's deadline.
Minor International has acquired 30,000,000 shares in NH Hotel Group in a €192-million deal.
Minor Hotels will operate the 110-guestroom Oaks Beirut when it opens later this year.
Hotel owner Minor International hired Mahajak Development to install a complete Harman AV audio solution.