Nov
28
NH Hotel Group Lands $3B Merger Bid
ByThe Madrid-based hospitality company is in receipt of an offer from Barceló Hotel Group, which proposes to acquire its rival, along with a portfolio of 400 properties across Europe, the Americas and Africa.
The competition between Spanish lodging companies Barceló Hotel Group and NH Hotel Group may soon come to an end. Barceló has extended an offer to acquire NH Hotel and its 400 properties across Europe, the Americas and Africa for a reported $3 billion.
The companies aren’t saying a great deal about the potential merger, but Mallorca-based Barceló did concede in a statement that it is “expressing interest” in such an agreement…
