Allen & Overy acts for HIP on Blackstone deal
Allen & Overy advised Spanish company Hotel Investment Partners (HIP) on its acquisition by Blackstone Real Estate Partners Europe V.
HIP owns a portfolio of 14 hotels with more than 3,700 rooms in Spain.
The deal was valued at €631 million, according to Mergermarket.
Blackstone’s real estate business has approximately $104 billion in investor capital under management.