According to the press, the Spanish private family-owned lodging group Barceló (228 hotels and 50,000 rooms worldwide) has hired Santander as an advisor to explore a merger with NHH (380 hotels and 58,085 rooms). Barcelo’s management is said to be pursuing the merger of the hotel companies and not an outright takeover bid. The details of the news are sketchy regarding potential valuations.
NH Hotel is engaged in the operation and management of hotels throughout Spain, the Benelux countries, Germany, and South America.
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