Hospitality Properties Trust, NH Hoteles sign $325M investment deal

03/1/2013 | GlobeSt.com

Hospitality Properties Trust has announced that it has reached a $325 million agreement with Spanish hotel firm NH Hoteles. The deal will include Hospitality Properties' acquisition of five NH Hoteles properties in Latin America with a total of 804 rooms. The hotels will remain under NH Hoteles management. Hospitality Properties will also provide NH Hoteles with a loan totaling about $222 million.

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