Blackstone, Hilton, Hyatt... Multiple Potential Buyers to Take Over Belmond Hotels

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hospitality-on.com
5/10/2018


The Belmond Ltd hotel group is attracting the interest of many players, including some other hoteliers. Thus, in August of this year, it indicated that it was working with Goldman Sachs Group Inc. and JPMorgan Chase & Co to evaluate a sale. Belmond's market value is estimated at around $1.8 billion.

Since then, KSL Capital Partners, Blackstone, KKR & Co., Ashkenazy Acquisition Corp., Hyatt Hotels Corp. and Hilton Worldwide Holdings Inc. have declared their interest in this purchase.

According to our world ranking of luxury brands, Belmond is 25th in terms of supply with 45 hotels, or 3,001 rooms. If Hilton acquires the British group, it would have more than 23,000 rooms in the luxury segment with its two other brands: Conrad and Waldorf Astoria. If Hyatt buys Belmond, it would operate almost 10,000 rooms in the luxury segment with its Park Hyatt brand.