Stockholm-based EQT has acquired the Nordic region's largest hotel chain Scandic for EUR 833 mln. The deal includes a total of 132 hotel sites in Scandinavia, with 128 under the Scandic brand and three under the Hilton banner. The sale is expected to be finalised in April, pending approval by EU's market regulators. Hilton Hotels was advised by Citigroup Global Markets and Mannheimer Swartling.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
