Blackstone to buy City Inn for $947m

19th September 2011 (Last Updated September 19th, 2011 18:30)

US-based investment firm Blackstone is to buy hotel operator City Inn and its Mint Hotels brand for $947m. City Inn owns and operates seven Mint hotels in the UK and opened its eighth in Amsterdam, the Netherlands, in May 2011. Blackstone will run the hotel chain as part of i

US-based investment firm Blackstone is to buy hotel operator City Inn and its Mint Hotels brand for $947m.

City Inn owns and operates seven Mint hotels in the UK and opened its eighth in Amsterdam, the Netherlands, in May 2011.

Blackstone will run the hotel chain as part of its Hilton Worldwide business.

Hilton plans to add 100 more hotels to its network by the end of 2014.