Blackstone in talks to buy Village Hotels

Thursday, 05 Jun, 2024 0

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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