U.S. asset management firms Blackstone and Brookfield have made offers to buy Spanish Banco Sabadell’s hotel arm, HI Partners, according to Spanish newspaper El Confidencial.
The company’s total value is approximately €1 billion ($1.1 billion) and it owns 30 hotels.
Banco Sabadell holds a 99 percent stake in HI Partners, which manages 31 hotels in Spain as well as €800 million ($945 million) of hotel loans.
