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Report: Hilton, Hyatt, Blackstone Among Belmond Suitors

HAMILTON, BERMUDA—Luxury hotel group Belmond Ltd. has attracted interest from potential buyers, according to a report from Bloomberg.

The report states that people familiar with the matter say that KSL Capital Partners LLC, Blackstone Group LP, KKR & Co., Ashkenazy Acquisition Corp., Hyatt Hotels Corp. and Hilton Worldwide Holdings Inc. are among companies considering an offer for all or part of the company. First-round offers for Belmond are due later this month, said people familiar with the matter.

In August, the company’s board of directors initiated a comprehensive review of strategic alternatives to enhance shareholder value, including a possible sale. The board engaged Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC as financial advisors and Weil, Gotshal & Manges LLP as legal advisor to assist in its review.

A representative from Belmond declined to comment when contacted by Hotel Business.

“It is not our policy to comment on potential transactions,” said a spokesperson from Hyatt. “However, we continue to evaluate opportunities to invest in the growth of our business while maintaining our commitment to reduce our portfolio of owned real estate.”

Hotel Business did not receive responses from other companies mentioned in the report.

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