PropertyEU

NH to raise capital and sell EUR 300m of assets

By A staff reporter 2009-05-15T00:00:00

Spanish hotel group NH Hoteles has unveiled plans to sell EUR 300 mln worth of hotel properties after its loss widened in the first quarter of 2009 to EUR 39.2 mln. The properties will continue to be operated through a sale-and-leaseback agreement or a management contract. The company also said ...

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