ENGLISH EDITIONUS private equity firm Blackstone eyes hotels in Rhodes
Blackstone is moving to boost its presence in the hotel business, by pushing ahead with a 500 million euro investment program. The start took place when it purchased five hotels from Cyprus' Louis group in September for 180 million euros. These deals were conducted via Blackstone Real Estate Partners in Europe and related to two hotels in Zakynthos, two in Corfu and one more in Crete with a total capacity of 1,464 rooms.