Chinese insurance group Angbang has bought the DoubleTree by Hilton in Amsterdam from Blackstone for €350m (£304m).
The hotel was the last of the Mint portfolio of nine hotels that Blackstone has been selling off in tranches.
In 2011 Lloyds Banking Group sold the nine-asset Mint business to Blackstone for £600m. The hotels were then rebranded as Doubletrees or Hilton Garden Inns.
Deals for all the UK and Irish assets have now been agreed through Eastdil Secured, including the DoubleTree by Hilton Tower Hill, which the Bhatia family bought for £300m at the end of last year.
With the sale of the Amsterdam hotel at the asking price, Blackstone’s return on investment before costs from the sale of the Mint portfolio will be more than £800m.
CBRE and Eastdil advised Blackstone on the Amsterdam sale.
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