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Blackstone To Pay £575M For Mint Hotels

Blackstone is planning to complete the acquisition of U.K. hotels group Mint.

Blackstone is planning to complete the acquisition of U.K. hotels group Mint, Property Week reports. The private equity firm will pay a total of around £575 million for the acquisition.

Realstar Group, Host Hotels & Resorts, Morgan Stanley Real Estate Fund and Westmont Hospitality Group are some of the other bidders for the portfolio, owned by the Orr family. The owner had appointed JP Morgan to conduct a strategic review of the business last year.

Click here for the story from Property Week.

Click here for additional coverage from Bloomberg.

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