With Minor International Public Company Limited (MINT) securing a 94.1% shareholding in NH Hotel Group late last year, at a cost of around €2.3bn, MINT now has a platform of 549 hotels across Asia, Australia, the Middle East, Africa, Europe, Latin America and the US.
MINT is a hotel owner, operator and investor with a portfolio of properties under the Anantara, AVANI, Oaks, Tivoli, NH Collection, NH, nhow, Elewana, Marriott, Four Seasons, St. Regis, Radisson Blu and Minor International brands in 53 countries.
“We are extremely pleased with the outcome of our tender offer,” commented William E. Heinecke, Founder and Chairman of MINT. “The acquisition of NH Hotel Group has transformed MINT into a truly global hospitality company, with a strong focus on exceeding the expectations of today’s customers. The combined MINT-NH Hotel Group platform offers an extended product range across our combined brand portfolio with global geographical coverage. This, combined with the opportunities to leverage the respective strengths of MINT and NH Hotel Group to our mutual benefit, make it an extremely exciting time for our companies, our shareholders and our valued guests.”
Dillip Rajakarier, CEO of Minor Hotels added, “The acquisition of NH Hotel Group is a true game-changer for both MINT and NH Hotel Group. We have complete confidence in the NH Hotel Group’s business fundamentals and anticipate strong earnings results in 2018 and beyond, as management announced earlier this year. NH Hotel Group has a clear, proven track record of delivering strong and consistent EBITDA growth, underpinned by a strategic, high-value hotel real estate portfolio and deep relationships with asset owners and customers throughout Europe and Latin America. I am personally very excited to welcome the highly talented management team of NH Hotel Group and to work closely with them.”
Photo: NH Hotel Group’s iconic brand nhow to open a new establishment on top of a bunker in the city of Hamburg in 2021 – © NH Hotels