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0 -0.000102259944779682 -0.000102259944779682 -0.000102259944779682 -0.000306779834338901 -0.00296553839860933 -0.000204519889559219 -0.000306779834338901
Stock impact report

Blackstone snaps up UK hotel operator Village Hotels [Yahoo! Finance]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Yahoo! Finance
a wider investor push into the hospitality sector as it outperforms the broader commercial property market. Blackstone said in a statement that funds managed by the firm had completed an acquisition of the hotel operator, which runs 33 mid-market hotels across regional cities and suburbs in Britain. "We see great potential in lodging and leisure as a sector," said James Seppala, Head of Real Estate Europe at Blackstone. The company did not disclose the value of the deal. Sky News has previously reported that the chain was put up for sale with a valuation of around 850 million pounds ($1.1 billion). Blackstone's previous forays into the UK leisure sector have included the 2021 acquisition of holiday park-owner Bourne Leisure, which also runs hotel chain Warner Hotels. Village Hotels was previously owned by investor KSL Capital Partners. Lazard and Santander advised Blackstone, while Morgan Stanley advised KSL. ($1 = 0.7895 pounds) (Reporting by Iain Withers; Editing by To Show less Read more
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