Blackstone plans to acquire major hotel properties in India
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According to a report, Global asset manager Blackstone is reportedly eyeing acquisitions in India’s hotel sector, targeting properties such as the Chennai Hilton and a partially completed Marriott near Bengaluru airport. Each acquisition is expected to cost around Rs 300-400 crore.
Blackstone has been expanding its presence in hospitality, recently filing for an initial public offering (IPO) through Ventive Hospitality, a joint venture with Panchshil Group , to raise Rs 2000 crore. Ventive Hospitality currently manages 11 properties operated by leading brands, including Marriott, 希尔顿全球酒店集团 , Minor Hotels , and Atmosphere TV .
These potential acquisitions would complement Blackstone’s existing portfolio, though the deals may take some time to close.
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