BANGKOK – The Anantara brand will grow significantly in Europe following a deal for Minor International (MINT) subsidiary NH Hotel Group (NHH) to operate a portfolio of eight high-end hotels in prime locations in Italy, France, Czech Republic and Hungary.
Anantara’s brand strength, coupled with NHH’s strong relationship with real estate investors, has enabled us to expand our luxury hotel portfolio in Europe at a much faster pace.
NHH will lease the hotels with a total of 1,115 rooms from Covivio, a European real estate investor. The hotels will be rebranded to MINT and NHH’s hotel brands, including Anantara and NH Collection, following an extensive repositioning work programme in all the properties in the coming months.
The hotels, formerly the Boscolo portfolio, consists of six iconic properties, including Palazzo Naiadi in Rome; The Carlo IV in Pragu; Hotel Plaza in Nice; The NY Palace and The NY Residence in Budapest; and Grand Hotel Dei Dogi in Venice; plus, two premium hotels in Italy, namely Bellini Hotel in Venice and Palazzo Gaddi in Florence.
After the acquisition by Covivio, NHH will operate this high-end hotel portfolio under a long-term sustainable lease contract. The closing of the transaction is expected to be fully complete by the end of the first half of 2020.
“MINT and NHH have been leveraging on both parties’ strengths for cross-expansion”, said Dillip Rajakarier, group CEO of MINT and CEO of Minor Hotels.
“Anantara’s brand strength, coupled with NHH’s strong relationship with real estate investors, has enabled us to expand our luxury hotel portfolio in Europe at a much faster pace.
“Following the launch of Anantara Villa Padierna Palace in Spain in July and the signing in October of a hotel in Dublin, Ireland, to be rebranded to Anantara in 2020, this strategic transaction will notably strengthen the presence of our luxury Anantara brand in key privileged destinations in Europe.”