NH Hoteles said its Grande Jolly unit is offering EUR 25 per share for the remaining 25.53% of Jolly Hotels that the holding company does not already own. NH said the stake, currently in the hands of minority shareholders, is valued at EUR 127.6 mln.
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.
