A chain of Hilton hotels in the UK has been sold in a multimillion-pound deal to real estate group Henderson Park in a sign of the recovery in the travel sector and market for city accommodation.
The Hilton portfolio of 12 hotels and more than 2,400 rooms includes properties in London, Edinburgh, Dublin, Bristol and Coventry. It was valued at £555m, according to people with knowledge of the terms.
The deal was financed with debt from the credit arm of the private equity group Apollo Global Management.
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