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Hilton, Hyatt, and Blackstone Eyeing Belmond Hotels

Belmond Ltd., which holds the legendary ‘21’ Club, has enticed interest from potential consumers, as per to people acquainted with the matter.

KSL Capital Partners LLC, Blackstone Group LP, KKR & Co., Ashkenazy Acquisition Corp., Hyatt Hotels Corp., and Hilton Worldwide Holdings Inc. are amid events considering an offer for the entire parts of the company, aided by some of the folks, who queried not to be recognized because the information is confidential. First-round offers for Belmond owe future this month, the people told.

Belmond, with a huge market value of $1.8 billion, told in August that it’s actually performing with Goldman Sachs Group Inc. and JPMorgan Chase & Co. to assess a sale. Its shares have from the time when ascended over 60 percent to their maximum level ever since 2008 and increase to a meeting high Tuesday afternoon after Bloomberg stated on some of the corporation’s potential suitors.

“There might be big public lodging firms, secret real estate-focused units and independent bodies as feasible suitors,” experts at Jefferies Financial Group Inc. told in a reminder to customers in August.

Agents for Belmond, KSL, Hilton, Blackstone, and KKR deteriorated to remark. A representative for Ashkenazy didn’t instantly have a remark.

Hyatt told it’s not inside the company’s rule to remark on prospective dealings. “We remain to assess opportunities to capitalize on the progress of our business while preserving our obligation to lessen our portfolio of possessed real estate.”

Although, the Belmond Ltd hotel group is appealing the interest of numerous companies, comprising some other hoteliers. Therefore, in August of this year, it specified that it was working with Goldman Sachs Group Inc. and JPMorgan Chase & Co to weigh a sale. Belmond's market value is projected at about $1.8 billion.

Ever since then, KSL Capital Partners, Blackstone, KKR & Co., Ashkenazy Acquisition Corp., Hyatt Hotels Corp., and Hilton Worldwide Holdings Inc. have announced their interest in this buying.

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As per to our world position of luxury brands, Belmond is 25th in terms of stock with 45 hotels, or 3,001 rooms. If Hilton obtains the British group, it would have over 23,000 rooms in the luxury part with its two other brands: Conrad and Waldorf Astoria. If Hyatt purchases Belmond, it would run nearly 10,000 rooms in the luxury sector with its Park Hyatt brand.

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