According to a recent report from Bloomberg Business, another big property sale may be in Blackstone Group LP’s future. The news outlet recently said that the world’s largest private-equity property investor plans to sell hotels in London, Dublin and Amsterdam for around $1.1 billion (980 million euros).
The properties in question are “all under Hilton’s DoubleTree brand,” according to unnamed sources in the Bloomberg article. Blackstone and Hilton also declined to comment. Blackstone is in the business of buying and selling properties so the sale of a few DoubleTree hotels is not entirely unexpected.
Blackstone made headlines in September 2015 for its acquisition of Strategic Hotels & Resorts Inc., which it then proceeded to sell to China’s Anbang Insurance Group for $6.5 billion in March 2016.
More information on the potential Blackstone hotel sale is available on Bloomberg’s website.
