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Minor International Pays $225 Million to Boost Stake in Spain’s NH Hotels

Patrick Whyte

Photo Credit: The NH Hotel in Queretaro, Mexico. The company has a new minority shareholder. NH Hotel Group

Skift Take

With Oceanwood (mostly) checking out and HNA looking to sell, it's all change at NH Hotels. Maybe this will kick off the consolidation in the hotel market that so many have predicted.

Hospitality group Minor International is set to become the second largest shareholder in Spain’s NH Hotel Group after agreeing to buy an 8.6 percent stake from London-based hedge fund Oceanwood Capital. The $225 million (€192 million) deal will take Minor International’s stake to 9.7 percent when it completes it in June. The single biggest individual shareholder is still HNA Group, which is busy trying to sell off its 30 percent stake. All of this means NH Hotels

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