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


Skift Take

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.

The NH Hotel Group board has turned down an offer from rival Barceló, which would have seen the two companies merge. Barceló made the unsolicited offer, which valued NH hotels at around $3 billion, in November. The combine