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Blackstone in talks to buy Village Hotels
Village Hotels could soon have a new owner.
Private equity giant Blackstone is in exclusive discussions to buy the company.
Sky News reports Blackstone has a period of exclusivity to negotiate a deal.
Village Hotels was put up for sale earlier this year.
It has a valuation of about £850 million.
The hotel chain’s portfolio includes more than 30 UK locations.
It is currently owned by private equity firm KSL Capital Partners, which paid De Vere Group £485 million for the business a decade ago.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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