Minor International acquires stake in NH Hotel Group
Thailand based hospitality group Minor International has reached agreement to acquire a 8.6% stake in NH Hotel Group.
The deal is valued at EUR192 million and will help to further expand Minor’s footprint in Europe.
NH Hotel Group is the sixth largest hotel chain in Europe with a portfolio of 382 hotels and resorts totalling nearly 60,000 rooms in 30 countries in Europe, the Americas and Africa.
"This investment represents a significant milestone for Minor Hotels. We are excited by the opportunity to accelerate our global exposure with our investment in NH Hotel Group, which has a highly complementary business and asset portfolio to MINT," said Dillip Rajakarier, CEO Minor Hotels.
It will be business as usual with no management changes at NH Hotel Group.
Its portfolio will continue to operate under NH Hotel Group’s existing brands, including NH Hotels, NH Collection Hotels, nhow Hotels and Hesperia Resorts.
"Over the past few years, NH Hotel Group’s board of directors and management team have re-invigorated the business and delivered strong business performance in line with its five-year strategic plan. As a key shareholder in the business, we look forward to supporting the management team as a strategic shareholder to continue this success," Rajakarier added.
TravelMole Editorial Team
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.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports