A final shortlist of investors has been drawn up to buy the Mint hotels portfolio for £575m.
Blackstone, the Livingstone brothers’ London & Regional, and a joint venture between Goldman Sachs’ Whitehall Fund and the Texas Pacific Group are all understood to be vying for the seven-strong portfolio.
The investors have outbid other parties including Realstar Group, Host Hotels & Resorts, Morgan Stanley Real Estate Fund and Westmont Hospitality Group.
The portfolio comprises six hotels in the UK and one in Amsterdam. Mint Hotel Tower of London opened last December.
The Orr family, which owns the hotels, appointed JP Morgan late last year to undertake a review of the business. The family is expected to retain an involvement in the business.
All parties declined to comment.
annabel.dixon@estatesgazette.com
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