LONDON – As has been rumored for weeks, private equity giant
Blackstone has agreed to buy British hotel operator Village Hotels from KSL
Capital Partners for an undisclosed price. Sky News previously reported that
the chain was put up for sale with a valuation of around £850 million ($1.1
billion).
Village Hotels owns and operates 33 assets in large regional
cities and suburban areas across the U.K. Representing 4,400 hotel keys, it
operates as an “all under one roof” leisure destination, offering traditional
full-service hotel stays, fitness…
