Blackstone to acquire Hotel Investment.

Blackstone has agreed to acquire Hotel Investment, a leading Spanish hospitality company. Financial terms were not disclosed. “We are thrilled to partner with Blackstone. Blackstone’s investment will allow us to maximise the value of our existing hotel portfolio for our investors and to focus on HI Partners’ continued growth across Spain. We thank Banco Sabadell for their support over the last two years, and look forward to taking the next step in HI Partners’ journey with an industry-leading and well-capitalised partner like Blackstone.” Alejandro Puértolas, Hotel Investment Founding Partner & Chief Executive Officer.