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NH Hoteles SA Receives Loan and Acquires Jointly with Hospitality Properties Trust Hotel In New York-DJ

Wednesday, 27 Feb 2013 06:39pm EST 

Dow Jones reported that NH Hoteles SA (NH) announced that it has entered exclusive negotiations with Hospitality Properties Trust (HPT) for hotel investments in Latin America, Europe and the United States worth approximately USD 375 million. HPT will also loan NH EUR170 million (USD 222.7 million), which will be secured by first mortgages on four hotels in Europe. Additionally, HPT will form a joint venture with NH to acquire a hotel in New York City that is currently owned by NH and a European partner. 

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