23 Dec '16, 10am

Blackstone sells Hilton Prague Old Town to Singapore based M&L Hospitality Trust

's Hotels & Hospitality group has advised Blackstone on the sale of the Hilton Prague Old Town and the adjacent 6,900 sq m mixed use commercial building – Gestin Centrum – to Singapore based M&L Hospitality Trust. The Hilton Prague Old Town is a well-established 5 star, 303-bedroom freehold property, in a prime location at the gates to the Old Town, at the heart of Prague's historic centre. It was acquired by Blackstone as a Renaissance in 2006 as part of a larger portfolio deal and subsequently converted to a core brand Hilton in 2007. Create an email alert for: JLL Blackstone Group „2016 has been a year characterised by continued capital flows from Asian institutional investors into the European hotels and hospitality market and this latest transaction is part of a trend which we believe will continue well into 2017,“ said Patrick Saade, Executive Vice-President, Europea...

Full article: https://www.property-magazine.eu/blackstone-sells-hilton-...

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