CEO: Minor upbeat about buying Spanish hotel group

Heinecke: We are anticipating we’re going to get somewhere between 55 and 65. — Reuters

BANGKOK: Thai hotels operator Minor International Pcl is confident of successfully acquiring Spanish hotel company NH Hotel Group SA by boosting its stake to 55%-65%, Minor’s chief executive told Reuters.

Minor, owner of luxury hotel Anantara Siam in Bangkok, launched Thailand’s biggest overseas hospitality takeover for NH earlier this month, valuing the Spanish hotel chain at 2.5 billion euros (US$2.89bil).