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4 months ago
BRIEF-NH Hotels finalises agreement with Hesperia to manage 28 hotels in Spain
April 20, 2017 / 5:35 AM / 4 months ago

BRIEF-NH Hotels finalises agreement with Hesperia to manage 28 hotels in Spain

April 20(Reuters) - NH Hotels Group SA:

* Said on Wednesday it signed the final agreement with Grupo Inversor Hesperia to rebranding and investing in repositioning its portfolio of hotels

* The 28 Hesperia hotels total 4000 rooms and represent 30 pct of the portfolio operated under management contracts by NH Hotel Group

* The new management contract represents for NH Hotel Group an estimated net contribution of 7.2 million euro($7.7 million) this year

Source text for Eikon:

Further company coverage: ($1 = 0.9324 euros) (Gdynia Newsroom)

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