• Bidders eye up Sotogrande

The sale of NH Hoteles’ Sotogrande property unit has attracted bidders including Oaktree Capital and Cerberus Capital Management. The sale, expected shortly, could raise more than EUR200m, reports Bloomberg.

Sotogrande includes property assets in Spain, Mexico, the Dominican Republic and Italy. NH expects to raise a net EUR125m from property disposals this year.
Read the full story here:
http://www.bloomberg.com/news/2014-04-25/oaktree-to-cerberus-said-to-eye-nh-hoteles-sotogrande.html

Share →