Blackstone offers €17.45 per security, being the operation valued at €1,590 million.
The regulator will now either accept or reject the fund's offer. If it gives the green light, it opens the deadline for acceptance by the partners, explains the EjePrime. If the deal is closed, Blackstone becomes the largest hotel owner in Spain.
On April 5, Blackstone purchased 16.5% of Hispania, the part of George Soros. However, Hispania qualified the offer as "unsolicited" and now seeks alternatives to the Blackstone operation to maximize the value offered.