Hospitality Europe B.V. (HEBV), the pan-European hotel owning and asset management company, has announced the completion of its sale to BRE/Hospitality Europe Holding B.V., an entity owned by funds managed by The Blackstone Group.
HEBV owns eight hotel properties containing a total of 3,227 rooms in Amsterdam, Brussels, Frankfurt, Paris, Prague and Stockholm. Starwood, Marriott, and Hyatt operate these hotels under the brands Sheraton, The Luxury Collection, Four Points, Renaissance, and Hyatt Regency.
Morgan Stanley & Co. Ltd. was the exclusive financial advisor to HEBV in connection with this matter.
Source: Morgan Stanley