Blackstone Pays $950M For U.K. Hotel Group

Blackstone Group has completed the acquisition of U.K. hotel group Mint.

Blackstone Group has completed the acquisition of U.K. hotel group Mint, The Wall Street Journal reports. The U.S. private equity group has paid a total of $950 million for the acquisition. As a part of the deal, Blackstone will purchase Mint’s eight four-star hotels, of which seven are in the U.K. and one in Amsterdam. U.S. buyout firm TPG had also bid for Mint group.

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